Toshiba Tec Corporation (TSE:6588) shares have had a horrible month, losing 29% after a relatively good period beforehand. The drop over the last 30 days has capped off a tough year for shareholders, with the share price down 39% in that time.
Even after such a large drop in price, there still wouldn't be many who think Toshiba Tec's price-to-sales (or "P/S") ratio of 0.2x is worth a mention when the median P/S in Japan's Tech industry is similar at about 0.7x. Although, it's not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.