What AltPlus Inc.’s (TSE:3672) 33% Share Price Gain Is Not Telling You
Despite an already strong run, AltPlus Inc. (TSE:3672) shares have been powering on, with a gain of 33% in the last thirty days. The bad news is that even after the stocks recovery in the last 30 days, shareholders are still underwater by about 7.0% over the last year.
Even after such a large jump in price, you could still be forgiven for feeling indifferent about AltPlus’ P/S ratio of 1.4x, since the median price-to-sales (or “P/S”) ratio for the Entertainment industry in Japan is also close to 1.3x. While this might not raise any eyebrows, if the P/S ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.
