Inui Global Logistics Co., Ltd. (TSE:9308) Stock Catapults 29% Though Its Price And Business Still Lag The Market
The Inui Global Logistics Co., Ltd. (TSE:9308) share price has done very well over the last month, posting an excellent gain of 29%. Looking back a bit further, it’s encouraging to see the stock is up 37% in the last year.
Although its price has surged higher, Inui Global Logistics’ price-to-earnings (or “P/E”) ratio of 9.1x 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 22x 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.
Recent times have been quite advantageous for Inui Global Logistics as its earnings have been rising very briskly. …
