Another covid high flier is #mkc (McCormick & Company). It’s currently sitting at all-time highs and has a P/E ratio of ~37 compared to a historical P/E ratio of 15. And this is for a seasoning company. Their balance sheet is also unimpressive and doesn’t justify the high P/E. They have liabilities equal to approximately ~66% of their assets so they have a significant amount of debt.
Also, I’m not sure how much of their growth is really sustainable. It’s possible that they have performed well these last two years because of the pandemic. Restaurants being closed and people having a lot more free time created the perfect storm for a rise in home cooking.