P/E ratio for Nikon (NINOY)
P/E ratio as of June 2024 (TTM): 12.9
According to Nikon's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.9388. At the end of 2022 the company had a P/E ratio of 9.89.
P/E ratio history for Nikon from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.89 | -37.99% |
| 2021 | 15.9 | -326.27% |
| 2020 | -7.05 | -161.46% |
| 2019 | 11.5 | -5.69% |
| 2018 | 12.2 | -83.76% |
| 2017 | 74.9 | 203.28% |
| 2016 | 24.7 | -21.96% |
| 2015 | 31.6 | 44.86% |
| 2014 | 21.8 | 35.52% |
| 2013 | 16.1 | -22.22% |
| 2012 | 20.7 | 63.78% |
| 2011 | 12.6 | -54.01% |
| 2010 | 27.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 ASML ASML | 50.7 | 291.54% | 🇳🇱 Netherlands |
 LightPath Technologies LPTH | -9.54 | -173.72% | 🇺🇸 USA |
 Canon 7751.T | 14.4 | 11.13% | 🇯🇵 Japan |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.