$Mitsubishi Electric (6503.JP)$Although there has been a sli...

$Mitsubishi Electric (6503.JP)$Although there has been a slight increase in revenue over the past 5 years, overall profit has shrunk. Revenue increased 6.1% in the first three quarters of 2023. Operating profit increased sharply by 36.2% due to increased gross margin, and net profit increased by 33.3%. Currently, the price-earnings ratio is 22.4 and the price-earnings ratio is 18.3. The current valuation is not very attractive for a company that lacks significant growth.