Investors Still Aren’t Entirely Convinced By Tazmo Co., Ltd.’s (TSE:6266) Earnings Despite 26% Price Jump
The Tazmo Co., Ltd. (TSE:6266) share price has done very well over the last month, posting an excellent gain of 26%. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 18% in the last twelve months.
In spite of the firm bounce in price, Tazmo’s price-to-earnings (or “P/E”) ratio of 9.7x 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 15x and even P/E’s above 23x 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.
