Geniee, Inc.’s (TSE:6562) 31% Share Price Surge Not Quite Adding Up
Geniee, Inc. (TSE:6562) shareholders would be excited to see that the share price has had a great month, posting a 31% gain and recovering from prior weakness. The last 30 days bring the annual gain to a very sharp 67%.
Although its price has surged higher, it’s still not a stretch to say that Geniee’s price-to-earnings (or “P/E”) ratio of 11.4x right now seems quite “middle-of-the-road” compared to the market in Japan, where the median P/E ratio is around 13x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/E.
Recent times have been…
