What Makoto Construction Co,Ltd’s (TSE:8995) 28% Share Price Gain Is Not Telling You
Explore Makoto Construction CoLtd’s Fair Values from the Community and select yours
Makoto Construction Co,Ltd (TSE:8995) shareholders have had their patience rewarded with a 28% share price jump in the last month. Taking a wider view, although not as strong as the last month, the full year gain of 18% is also fairly reasonable.
Since its price has surged higher, Makoto Construction CoLtd’s price-to-earnings (or “P/E”) ratio of 35.5x might make it look like a strong sell right now compared to the market in Japan, where around half of the companies have P/E ratios below 14x and even P/E’s below 9x are quite common. Although, it’s not wise to just take the P/E at face value as there may be…
