What Tsuzuki Denki Co., Ltd.’s (TSE:8157) 30% Share Price Gain Is Not Telling You
Tsuzuki Denki Co., Ltd. (TSE:8157) shareholders are no doubt pleased to see that the share price has bounced 30% in the last month, although it is still struggling to make up recently lost ground. Unfortunately, despite the strong performance over the last month, the full year gain of 9.9% isn’t as attractive.
Although its price has surged higher, there still wouldn’t be many who think Tsuzuki Denki’s price-to-earnings (or “P/E”) ratio of 14.5x is worth a mention when the median P/E in Japan is similar at about 13x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/E.
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