P/E ratio for Advantest (6857.T)
P/E ratio as of September 2023 (TTM): 6.74
According to Advantest 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.73689. At the end of 2022 the company had a P/E ratio of 21.7.
P/E ratio history for Advantest from 2002 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 21.7 | -20.31% |
| 2021 | 27.2 | 71.33% |
| 2020 | 15.9 | 82.65% |
| 2019 | 8.71 | -60.19% |
| 2018 | 21.9 | -15.26% |
| 2017 | 25.8 | -5.03% |
| 2016 | 27.2 | 33.39% |
| 2015 | 20.4 | -467.91% |
| 2014 | -5.54 | -91.08% |
| 2013 | -62.1 | -39.68% |
| 2012 | -103 | -228.6% |
| 2011 | 80.0 | -319.2% |
| 2010 | -36.5 | 940.21% |
| 2009 | -3.51 | -112.13% |
| 2008 | 28.9 | 4.91% |
| 2007 | 27.6 | -12.27% |
| 2006 | 31.4 | 51.41% |
| 2005 | 20.8 | -56.92% |
| 2004 | 48.2 | -253.27% |
| 2003 | -31.5 | -22.27% |
| 2002 | -40.5 | -273.55% |
| 2001 | 23.3 |
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.