Mylan Shares Languish At Low Valuation As EpiPen Hearing Nears
September 21, 2016
Shares of Mylan NV are trading at historically low valuations as the company’s chief executive officer is set to face a congressional grilling on Wednesday over the price of its EpiPen emergency allergy treatment.
The stock is trading at 7.5 times estimated earnings for the next 12 months, holding near its lowest in at least 30 years and well below its five-year average of 11 times, according to Thomson Reuters Datastream.