Japan Airport Terminal Co., Ltd.’s (TSE:9706) Price Is Out Of Tune With Earnings
When close to half the companies in Japan have price-to-earnings ratios (or “P/E’s”) below 14x, you may consider Japan Airport Terminal Co., Ltd. (TSE:9706) as a stock to potentially avoid with its 16.9x P/E ratio. However, the P/E might be high for a reason and it requires further investigation to determine if it’s justified.
Japan Airport Terminal certainly has been doing a good job lately as it’s been growing earnings more than most other companies. It seems that many are expecting the strong earnings performance to persist, which has raised the P/E. You’d really hope so, otherwise you’re paying a pretty hefty…
