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Ken A's avatar

Thanks for the article. Itochu has PE 11.8, which seems low until you observe that until a couple of years ago, it was generally 7 or less. Is there something that justifies such a rerating?

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The Swiss Investor's avatar

Check the research studies. Sales growth actually says little about future stock performance. High growth rates usually attract competitors, which leads to a natural correction and mean reversion.

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