Itochu Enex Co.,Ltd.’s (TSE:8133) Share Price Matching Investor Opinion
There wouldn’t be many who think Itochu Enex Co.,Ltd.’s (TSE:8133) price-to-earnings (or “P/E”) ratio of 11.9x is worth a mention when the median P/E in Japan is similar at about 13x. While this might not raise any eyebrows, if the P/E ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.
The earnings growth achieved at Itochu EnexLtd over the last year would be more than acceptable for most companies. One possibility is that the P/E is moderate because investors think this respectable earnings growth might not be enough to outperform the broader…
