Yamato Corporation’s (TSE:1967) 26% Price Boost Is Out Of Tune With Earnings
The Yamato Corporation (TSE:1967) share price has done very well over the last month, posting an excellent gain of 26%. The last 30 days bring the annual gain to a very sharp 61%.
Although its price has surged higher, you could still be forgiven for feeling indifferent about Yamato’s P/E ratio of 11.6x, since the median price-to-earnings (or “P/E”) ratio in Japan is also close to 13x. Although, it’s not wise to simply ignore the P/E without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
Our free stock report includes 2 warning signs investors should be aware of before investing in Yamato. Read for free now.
With earnings growth that’s exceedingly strong of late, Yamato has been doing…
