SF Oilless Bearing Group's high P/E ratio is alarming due to its declining medium-term earnings. Despite market growth, the company's earnings performance may not sustain positive sentiment. This poses a risk to shareholders and potential investors may pay an excessive premium.

Despite poor financials and declining earnings, the company's high P/E ratio indicates investor optimism. However, considering recent performance and expected market growth, this optimism may be misplaced, potentially disappointing shareholders.

The declining trend in SF Oilless Bearing Group's ROCE and the lack of sales growth despite increased capital investment are not typical characteristics of multi-bagger stocks. The company's current performance may not be promising for investors seeking high returns.