Pearl Abyss Corp.’s (KOSDAQ:263750) P/E Is Still On The Mark Following 26% Share Price Bounce
Pearl Abyss Corp. (KOSDAQ:263750) shares have continued their recent momentum with a 26% gain in the last month alone. Unfortunately, despite the strong performance over the last month, the full year gain of 2.4% isn’t as attractive.
Since its price has surged higher, Pearl Abyss’ price-to-earnings (or “P/E”) ratio of 38.9x might make it look like a strong sell right now compared to the market in Korea, where around half of the companies have P/E ratios below 11x and even P/E’s below 6x are quite common. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s so lofty.
Our free stock report includes 1 warning sign investors should be aware of before investing in Pearl Abyss. Read for…
