Hankyu Hanshin Holdings, Inc.’s (TSE:9042) Share Price Could Signal Some Risk
When close to half the companies in Japan have price-to-earnings ratios (or “P/E’s”) below 13x, you may consider Hankyu Hanshin Holdings, Inc. (TSE:9042) as a stock to potentially avoid with its 15.4x P/E ratio. However, the P/E might be high for a reason and it requires further investigation to determine if it’s justified.
Hankyu Hanshin Holdings hasn’t been tracking well recently as its declining earnings compare poorly to other companies, which have seen some growth on average. One possibility is that the P/E is high…
