Asahi Kasei
3407.T
#1417
Rank
$10.38 B
Marketcap
$7.49
Share price
0.54%
Change (1 day)
-20.49%
Change (1 year)

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

P/E ratio as of December 2022 (TTM): 10.4

According to Asahi Kasei 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.4102. 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
20229.21-59.23%
202122.6105.59%
202011.0-0.66%
201911.1-3.61%
201811.5-15.23%
201713.518.54%
201611.4-26.23%
201515.561.19%
20149.60-39.4%
201315.823.71%
201212.8-1.56%
201113.0-54.14%
201028.4-72.52%
2009103857.94%
200810.8-38.45%
200717.5-11.7%
200619.850.26%
200513.2-57.97%
200431.4-593.54%
2003-6.36-105.48%
2002116272.31%
200131.2

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.