Despite an already strong run, Changbai Mountain Tourism Co., Ltd. (SHSE:603099) shares have been powering on, with a gain of 35% in the last thirty days. The last month tops off a massive increase of 261% in the last year.
Since its price has surged higher, Changbai Mountain Tourism may be sending very bearish signals at the moment with a price-to-sales (or “P/S”) ratio of 20.5x, since almost half of all companies in the Hospitality industry in China have P/S ratios under 6.2x and even P/S lower than 2x are not unusual. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so lofty.
See our latest analysis for Changbai Mountain Tourism
