Nissin Foods Holdings Co.,Ltd.’s (TSE:2897) Price Is Out Of Tune With Earnings
With a price-to-earnings (or “P/E”) ratio of 19x Nissin Foods Holdings Co.,Ltd. (TSE:2897) may be sending bearish signals at the moment, given that almost half of all companies in Japan have P/E ratios under 12x and even P/E’s lower than 8x are not unusual. 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.
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Nissin Foods HoldingsLtd could be doing better as its earnings have been going backwards lately while most other companies have been seeing positive earnings growth. It might be that many expect the dour earnings…
