Despite Luoyang Northglass Technology's share price drop, it...

Despite Luoyang Northglass Technology's share price drop, its high P/E persists. Investors overlook average growth rates, paying a premium for the stock. If P/E aligns with growth rates, disappointment may follow. The company's three-year earnings trends aren't impacting its high P/E as expected, risking shareholders' investments and potential investors may pay an unnecessary premium.