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Majestic Wine plc (WINE.L)

LSE - LSE Delayed price. Currency in GBp

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730.00-2.00 (-0.27%)

At close: 5:39PM GMT

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B
New to the game. I realise NW is expanding a lot to America and has done great despite COVID19, but can someone explain to me WHY the price is so high compared to the earnings. The small debt is promising, but even so, a P/E this high seems bubbly- Unless I am missing something.
Y
WINE.L is down 6.22% to $240.54
Y
WINE.L reached a 52 Week low at $251.00