A Piece Of The Puzzle Missing From EF-ON Inc.’s (TSE:9514) 28% Share Price Climb
EF-ON Inc. (TSE:9514) shareholders have had their patience rewarded with a 28% share price jump in the last month. Looking further back, the 17% rise over the last twelve months isn’t too bad notwithstanding the strength over the last 30 days.
In spite of the firm bounce in price, it’s still not a stretch to say that EF-ON’s price-to-earnings (or “P/E”) ratio of 13.5x right now seems quite “middle-of-the-road” compared to the market in Japan, where the median P/E ratio is around 14x. While this might not raise any eyebrows, if the P/E ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.
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