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Article: JAPAN'S STEELMAKER, ELECTRONICS STOCKS POST PE RATIO FALLS.
- Article from:
- AsiaPulse News
- Article date:
- December 8, 2004
CopyrightCOPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO, Dec 8 Asia Pulse - Steelmaker and electronics stocks were among those prominently featured in a ranking compiled by The Nikkei Financial Daily that looked at firms with the biggest paces of decline in projected price-earnings (PE) ratios since March 31.
The ratio as of March 31 was based on fiscal 2003 earnings results, while the latest was calculated from companies' fiscal 2004 earnings forecasts. The ranking of firms specifically looked at the PE ratios of listed nonfinancial companies and start-ups with three straight years of pretax profit gains, including the forecast for the current fiscal year.
The Tokyo Stock Exchange first section's ...