Mitsubishi Kakoki Kaisha, Ltd.’s (TSE:6331) 26% Share Price Surge Not Quite Adding Up
Mitsubishi Kakoki Kaisha, Ltd. (TSE:6331) shares have continued their recent momentum with a 26% gain in the last month alone. The annual gain comes to 160% following the latest surge, making investors sit up and take notice.
Even after such a large jump in price, you could still be forgiven for feeling indifferent about Mitsubishi Kakoki Kaisha’s P/E ratio of 13.1x, since the median price-to-earnings (or “P/E”) ratio in Japan is also close to 15x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/E.
Mitsubishi Kakoki Kaisha could be…
