FIT Hon Teng's consistent share price and EPS decline indicates unchanged market perception and long-term weakness. Contrarian investors might see a potential turnaround opportunity.

Investors seem to be expecting strong future growth from FIT Hon Teng, which justifies its high P/E ratio. Shareholders appear confident about the company's future earnings and it's unlikely the share price will fall significantly in the near future.

FIT Hon Teng's stock is arguably overvalued as its growth outlook is already priced in, according to analysts. Current timing may not be ideal for investment due to possible absence of further upside.

The sharp share price decline and the reported EPS decrease signal a bearish view of FIT Hon Teng's growth potential. Despite a 14% total shareholder return over the last year, it lags behind the market with a 5-year average decrease of 11%.

FIT Hon Teng's falling ROCE and stagnant capital growth are poor indicators for its potential as a multi-bagger. The 65% stock price drop over five years mirrors investor sentiment. A positive shift is needed or else we may have to consider other options.