P/E ratio for Asahi Kasei (3407.T)
P/E ratio as of March 2023 (TTM): 9.91
According to Asahi Kasei 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.90516. At the end of 2022 the company had a P/E ratio of 9.21.
P/E ratio history for Asahi Kasei from 2009 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.21 | -59.23% |
| 2021 | 22.6 | 105.59% |
| 2020 | 11.0 | -0.66% |
| 2019 | 11.1 | -3.61% |
| 2018 | 11.5 | -15.23% |
| 2017 | 13.5 | 18.54% |
| 2016 | 11.4 | -26.23% |
| 2015 | 15.5 | 61.19% |
| 2014 | 9.60 | -39.4% |
| 2013 | 15.8 | 23.71% |
| 2012 | 12.8 | -1.56% |
| 2011 | 13.0 | -54.14% |
| 2010 | 28.4 | -72.52% |
| 2009 | 103 | 857.94% |
| 2008 | 10.8 | -38.45% |
| 2007 | 17.5 | -11.7% |
| 2006 | 19.8 | 50.26% |
| 2005 | 13.2 | -57.97% |
| 2004 | 31.4 | -593.54% |
| 2003 | -6.36 | -105.48% |
| 2002 | 116 | 272.31% |
| 2001 | 31.2 |
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.