TOKYO -- Condominiums in the Tokyo metropolitan area are becoming more expensive as investment targets, zooming past even U.S. stock market darling Nvidia to log a record-high price-earnings ratio of nearly 30 for 2024.
P/E ratio is used mainly in stock investing to gauge whether a company's shares are overvalued or undervalued. The forward P/E ratio -- stock price divided by expected earnings per share -- shows how many times expected profits a stock is being bought at.
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