IAG Shares Surge 125% in a Year, Yet P/E Ratio Remains Attractive at 7.85

The stock market often rewards patience, and the recent performance of IAG shares proves just that. In the past 12 months, International Consolidated Airlines Group (LSE: IAG.L), the parent company of British Airways and Iberia, has delivered a spectacular 125% return to investors. Yet despite this enormous rise, the company’s price-to-earnings (P/E) ratio remains at just 7.85, making it one of the most attractively valued stocks in the FTSE 100.