Asahi Kasei
3407.T
#1813
Rank
$8.65 B
Marketcap
$6.24
Share price
1.88%
Change (1 day)
-8.35%
Change (1 year)

P/E ratio for Asahi Kasei (3407.T)

P/E ratio as of June 2024 (TTM): -10.2

According to Asahi Kasei 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -10.1817. At the end of 2022 the company had a P/E ratio of 15.0.

P/E ratio history for Asahi Kasei from 2009 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202215.040.13%
202110.7-41.53%
202018.344.13%
201912.717.13%
201810.8-11.7%
201712.3-5.64%
201613.00.56%
201512.93.31%
201412.5-8.6%
201313.7-16.42%
201216.446.47%
201111.2-17.21%
201013.5-99.28%
2009> 1000

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.