Nippon Shinyaku Co., Ltd. (TSE:4516) Stock Catapults 32% Though Its Price And Business Still Lag The Market
Nippon Shinyaku Co., Ltd. (TSE:4516) shareholders have had their patience rewarded with a 32% share price jump in the last month. Longer-term shareholders would be thankful for the recovery in the share price since it’s now virtually flat for the year after the recent bounce.
Although its price has surged higher, given about half the companies in Japan have price-to-earnings ratios (or “P/E’s”) above 15x, you may still consider Nippon Shinyaku as an attractive investment with its 9.1x P/E ratio. However, the P/E might be low for a reason and it requires further investigation to determine if it’s justified.
