J.E.T. Co., Ltd.’s (TSE:6228) 39% Price Boost Is Out Of Tune With Earnings | News World

J.E.T. Co., Ltd. (TSE:6228) shares have had a really impressive month, gaining 39% after a shaky period beforehand. But the last month did very little to improve the 56% share price decline over the last year.

After such a large jump in price, J.E.T’s price-to-earnings (or “P/E”) ratio of 24.1x 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 13x and even P/E’s below 9x are quite common. However, the P/E might be quite high for a reason and it requires further investigation to determine if it’s justified.

For example, consider that J.E.T’s financial performance has been poor lately as its earnings have been in decline. One possibility is that the P/E is high because investors think the company will still do enough to outperform the broader market in the near future. You’d really…more

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