Senshu Electric Co.,Ltd.’s (TSE:9824) Price Is Right But Growth Is Lacking After Shares Rocket 28%
Senshu Electric Co.,Ltd. (TSE:9824) shareholders are no doubt pleased to see that the share price has bounced 28% in the last month, although it is still struggling to make up recently lost ground. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 21% in the last twelve months.
In spite of the firm bounce in price, given about half the companies in Japan have price-to-earnings ratios (or “P/E’s”) above 13x, you may still consider Senshu ElectricLtd as an attractive investment with its 10.2x P/E ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/E.
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