Over the past five years, JEOL (TSE:6951) stock has outperformed its underlying earnings growth. Despite this, the company has shown strong performance in the stock market. Investors have seen positive returns on their investments in JEOL stock, even though the company’s earnings growth may not have been as impressive. This indicates that the market has high expectations for JEOL’s future performance and potential growth. Overall, JEOL stock has shown resilience and strength in the market over the past five years.