What You Can Learn From DMG Mori Co., Ltd.’s (TSE:6141) P/E After Its 25% Share Price Crash
DMG Mori Co., Ltd. (TSE:6141) shares have had a horrible month, losing 25% after a relatively good period beforehand. The drop over the last 30 days has capped off a tough year for shareholders, with the share price down 43% in that time.
In spite of the heavy fall in price, given around half the companies in Japan have price-to-earnings ratios (or “P/E’s”) below 12x, you may still consider DMG Mori as a stock to potentially avoid with its 15.9x P/E ratio. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s as high as it is.
DMG Mori hasn’t been tracking well…
