P/E ratio for Shin-Etsu Chemical (4063.T)
P/E ratio as of June 2024 (TTM): 16.1
According to Shin-Etsu Chemical's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.1338. At the end of 2022 the company had a P/E ratio of 45.8.
P/E ratio history for Shin-Etsu Chemical from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 45.8 | -52.05% |
| 2021 | 95.4 | -28.59% |
| 2020 | 134 | 66.69% |
| 2019 | 80.2 | 47.55% |
| 2018 | 54.3 | -52.36% |
| 2017 | 114 | -0.98% |
| 2016 | 115 | 18.54% |
| 2015 | 97.2 | -29.71% |
| 2014 | 138 | 21.63% |
| 2013 | 114 | 11.01% |
| 2012 | 102 | 11.4% |
| 2011 | 91.9 | 110.59% |
| 2010 | 43.6 | -51.92% |
| 2009 | 90.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Loop Industries
LOOP | -15.1 | -193.75% | 🇨🇦 Canada |
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.