Jahwa Electronics. Co., Ltd (KRX:033240) Looks Just Right With A 25% Price Jump
Jahwa Electronics. Co., Ltd (KRX:033240) shares have had a really impressive month, gaining 25% after a shaky period beforehand. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 41% in the last twelve months.
After such a large jump in price, Jahwa Electronics’ price-to-earnings (or “P/E”) ratio of 30.3x 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 12x and even P/E’s below 7x are quite common. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly elevated P/E.
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