Nissen Inc.’s (TSE:6543) 28% Share Price Surge Not Quite Adding Up
Nissen Inc. (TSE:6543) shareholders have had their patience rewarded with a 28% share price jump in the last month. Looking further back, the 21% rise over the last twelve months isn’t too bad notwithstanding the strength over the last 30 days.
In spite of the firm bounce in price, you could still be forgiven for feeling indifferent about Nissen’s P/E ratio of 13.5x, since the median price-to-earnings (or “P/E”) ratio in Japan is also close to 13x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/E.
Nissen has been doing a good job…
