lmao, when even a conservative company like Nintendo reaches close to 60 P/E, on a turboconservative market like the Japanese one, you have the very proof there IS a bubble. And the Nintendo ticker tells you the entire story: it's retail, because of course zoomers buy the shit they like. While it was completely ignored even in 2017, when I complained about how it was dumb it had a 13 P/E and would be at least duble that if it was listed on the NYSE.
I'm not complaining, I have Nintendo stonks, and I think you'll remember my shilling on /smg/ since like 2018 thanks to my Xenoblade 2 pictures I always use.
But yeah, this is NOT good.