#8 - Sony (NYSE:SNE)
Sony (NYSE: SNE) - Gaming is a tough industry, and Sony has experienced its share of ups and downs with its PlayStation console. And if that were what the company had to rely on, things may look pretty bleak. However, who would have thought that the innovation that may be getting investors really excited is … a smartphone? Although not reaching mainstream status yet, the company’s Xperia smartphone is starting to gain traction. Among tech enthusiasts, the phone offers some impressive technical specifications that make it among the most powerful smartphones available. Add to that, the current trade dispute between the United States, China and Japan is unlikely to hurt sales of the Xperia in the same way Apple is seeing plummeting sales of the iPhone in those markets. Another innovation that is gaining traction is the mirrored camera which is catching on among photography consumers and Sony is dominating the space with plans to release its flagship Sony A7000 camera in the near future. The company has a P/E ratio of 7.73.
About Sony
Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company distributes software titles and add-on content through digital networks by Sony Interactive Entertainment; network services related to game, video, and music content; and home and portable game consoles, packaged software, and peripheral devices.
Read More - Current Price
- $21.02
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
A company’s price-to-earnings ratio is a valuation rating that at times serves as a significant indicator of future stock performance. However, there are many factors that can contribute to a company’s price-to-earnings ratio including their willingness and history of paying dividends, the overall sales trend, where they are in their product development cycle and any changes in their management or business strategy. Stocks that have a low P/E ratio frequently can be purchased at a discount to other stocks and, for this reason, may offer value to investors. However, investors as part of their analysis of a stock, a company should compare the P/E ratio of one stock with another within its industry or one with similar market capitalization. Not all industries perform the same even in bull and bear markets, so what would be considered a low P/E ratio at one point may be considered average in another.
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