Alpha Group's high P/S ratio is backed by its projected revenue growth, outpacing the rest of the Leisure industry. Investors see little risk of revenue decline, bolstering the share price. Yet, a warning sign with Alpha Group warrants consideration in investment decisions.

Alpha Group's positive outlook is already reflected in its share price. However, its promising revenue growth prospect suggests it may be worth examining other factors like balance sheet strength for the next price drop.

Concerns persist around Alpha Group's balance sheet strength due to the losses the company is absorbing. The fact that they have any debt at all seems unwise given the recent EBIT loss.

Alpha Group's positive outlook appears to be fully reflected in its current stock price, suggesting overvaluation. Despite bullish growth prospects, investing now may not present upside due to this pricing mismatch.