SEC Electric Machinery's moderate P/S ratio may be due to investor belief that its benign revenue growth rate won't outperform the industry. Its P/S parity with the industry, despite medium-term revenue decline, is surprising. Unless recent circumstances improve, shareholders may face a tough period.

SEC Electric Machinery's moderate P/S ratio may reflect investor skepticism about its ability to outperform the industry. Despite poor growth, its P/S ratio is on par with the industry, indicating hopes for a business turnaround. However, without significant improvement, the share price may not be seen as fair value.