Janison Education Group Limited (ASX:JAN) Stock Catapults 26% Though Its Price And Business Still Lag The Industry
Janison Education Group Limited (ASX:JAN) shares have continued their recent momentum with a 26% gain in the last month alone. Looking back a bit further, it’s encouraging to see the stock is up 29% in the last year.
In spite of the firm bounce in price, Janison Education Group’s price-to-sales (or “P/S”) ratio of 1.4x might still make it look like a strong buy right now compared to the wider Software industry in Australia, where around half of the companies have P/S ratios above 3.5x and even P/S above 10x are quite common. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly reduced P/S.
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