Bank of Innovation
4393.T
#7332
Rank
$0.11 B
Marketcap
$29.31
Share price
-0.45%
Change (1 day)
-38.46%
Change (1 year)

P/E ratio for Bank of Innovation (4393.T)

P/E ratio as of March 2024 (TTM): 5.32

According to Bank of Innovation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.31938. At the end of 2022 the company had a P/E ratio of 19.8.

P/E ratio history for Bank of Innovation from 2019 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202219.8-293.65%
2021-10.2-82.23%
2020-57.6-243.15%
201940.2

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.