Pan Pacific International Holdings Corporation’s (TSE:7532) Share Price Could Signal Some Risk
With a price-to-earnings (or “P/E”) ratio of 27.6x Pan Pacific International Holdings Corporation (TSE:7532) may be sending very bearish signals at the moment, given that almost half of all companies in Japan have P/E ratios under 12x and even P/E’s lower than 8x are not unusual. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s so lofty.
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With earnings growth that’s superior to most other companies of late, Pan Pacific International Holdings has been doing relatively well. It seems that many are expecting the strong earnings performance to persist, which has…
