EDION Corporation’s (TSE:2730) Share Price Not Quite Adding Up
With a median price-to-earnings (or “P/E”) ratio of close to 13x in Japan, you could be forgiven for feeling indifferent about EDION Corporation’s (TSE:2730) P/E ratio of 14.9x. Although, it’s not wise to simply ignore the P/E without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
Recent times have been advantageous for EDION as its earnings have been rising faster than most other companies. One possibility is that the P/E is moderate because investors think this strong earnings…
