TOKYO/LONDON -- Hitachi's market capitalization has surged as foreign investors bet on its potential in digital technologies and related fields, driving the price-earnings ratio -- a key growth expectations indicator -- to levels approaching leading U.S. tech stocks.
The group's market cap reached 18.5 trillion yen ($128 billion) on Sept. 26, roughly doubling from the beginning of the year. It briefly overtook Mitsubishi UFJ Financial Group as Japan's second-most valuable company, with only Toyota Motor ranking higher.
_2048x1152.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
