Yasunaga Corporation (TSE:7271) Stock Catapults 26% Though Its Price And Business Still Lag The Market
Despite an already strong run, Yasunaga Corporation (TSE:7271) shares have been powering on, with a gain of 26% in the last thirty days. The last 30 days bring the annual gain to a very sharp 75%.
Even after such a large jump in price, Yasunaga’s price-to-earnings (or “P/E”) ratio of 8.2x might still make it look like a buy right now compared to the market in Japan, where around half of the companies have P/E ratios above 15x and even P/E’s above 23x are quite common. However, the P/E might be low for a reason and it requires further investigation to determine if it’s justified.
With earnings growth that’s…
