Lapine Co., Ltd.’s (TSE:8143) 26% Share Price Surge Not Quite Adding Up
Lapine Co., Ltd. (TSE:8143) shareholders have had their patience rewarded with a 26% share price jump in the last month. Looking back a bit further, it’s encouraging to see the stock is up 31% in the last year.
Although its price has surged higher, there still wouldn’t be many who think Lapine’s price-to-sales (or “P/S”) ratio of 0.4x is worth a mention when the median P/S in Japan’s Luxury industry is similar at about 0.7x. Although, it’s not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
