Espec Corp.’s (TSE:6859) Price Is Right But Growth Is Lacking After Shares Rocket 26%
Espec Corp. (TSE:6859) shares have had a really impressive month, gaining 26% after a shaky period beforehand. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 15% over that time.
Although its price has surged higher, Espec’s price-to-earnings (or “P/E”) ratio of 10.2x 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 14x and even P/E’s above 21x are quite common. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s limited.
