NRB Inc.’s (KOSDAQ:475230) P/S Is Still On The Mark Following 26% Share Price Bounce
Despite an already strong run, NRB Inc. (KOSDAQ:475230) shares have been powering on, with a gain of 26% in the last thirty days. Longer-term shareholders would be thankful for the recovery in the share price since it’s now virtually flat for the year after the recent bounce.
Since its price has surged higher, you could be forgiven for thinking NRB is a stock to steer clear of with a price-to-sales ratios (or “P/S”) of 3.7x, considering almost half the companies in Korea’s Construction industry have P/S ratios below 0.3x. However, the P/S might be quite high for a reason and it requires further investigation to determine if it’s justified.
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