Iwabuchi Corporation (TSE:5983) Stock Catapults 32% Though Its Price And Business Still Lag The Market
Iwabuchi Corporation (TSE:5983) shares have continued their recent momentum with a 32% gain in the last month alone. The last 30 days bring the annual gain to a very sharp 43%.
Even after such a large jump in price, Iwabuchi’s price-to-earnings (or “P/E”) ratio of 11.4x 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.
Earnings have risen firmly for Iwabuchi recently, which…
