Global Tax Free Co., Ltd.’s (KOSDAQ:204620) P/S Is Still On The Mark Following 26% Share Price Bounce
Despite an already strong run, Global Tax Free Co., Ltd. (KOSDAQ:204620) shares have been powering on, with a gain of 26% in the last thirty days. But the gains over the last month weren’t enough to make shareholders whole, as the share price is still down 5.9% in the last twelve months.
Since its price has surged higher, you could be forgiven for thinking Global Tax Free is a stock not worth researching with a price-to-sales ratios (or “P/S”) of 3x, considering almost half the companies in Korea’s Professional Services industry have P/S ratios below 1x. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the elevated P/S.
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