Investors' belief in the company's continued market outperformance likely explains the high P/E ratio. Despite a share price drop, the P/E remains high as a prosperous future is anticipated for the company. The potential for earnings deterioration is not seen as significant enough to lower the P/E ratio.

Despite recent dips, the company's shares show a positive trend over three years. The switch to profitability could have bolstered share price.

The company's high earnings growth is likely due to the reinvestment of all its profits into its business, despite its low ROE. Meanwhile, market forecasts predict that the company's earnings are expected to accelerate.