The company's P/E ratio suggests moderate growth, in line with the market. Despite analysts' bearish outlook, many investors hold onto their stock. However, maintaining these prices may be challenging due to potential earnings growth impact. The inferior earnings outlook doesn't impact P/E as expected, risking shareholders' investments and potential investors paying an unnecessary premium.

HMT's limited growth expectations seem to be overlooked despite a P/E similar to the market. Concerns over the sustainability of stock prices amidst predictions of weaker earnings growth have sparked. Challenging conditions and an unappealing future earnings scenario could negatively impact valuation in the long run.