P/E ratio for Asahi Kasei (3407.T)
P/E ratio as of April 2024 (TTM): -11.1
According to Asahi Kasei 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -11.0602. 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 |
|---|---|---|
| 2022 | 15.0 | 40.13% |
| 2021 | 10.7 | -41.53% |
| 2020 | 18.3 | 44.13% |
| 2019 | 12.7 | 17.13% |
| 2018 | 10.8 | -11.7% |
| 2017 | 12.3 | -5.64% |
| 2016 | 13.0 | 0.56% |
| 2015 | 12.9 | 3.31% |
| 2014 | 12.5 | -8.6% |
| 2013 | 13.7 | -16.42% |
| 2012 | 16.4 | 46.47% |
| 2011 | 11.2 | -17.21% |
| 2010 | 13.5 | -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.