According to Okamoto Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.2641. At the end of 2023 the company had a P/E ratio of 14.6.
Year | P/E ratio | Change |
---|---|---|
2023 | 14.6 | 10.47% |
2022 | 13.3 | -6.47% |
2021 | 14.2 | -35.89% |
2020 | 22.1 | 31.08% |
2019 | 16.9 | 7.96% |
2018 | 15.6 | 12.13% |
2017 | 13.9 | -26.59% |
2016 | 19.0 | 19.19% |
2015 | 15.9 | 15.37% |
2014 | 13.8 | 3.79% |
2013 | 13.3 | -39.7% |
2012 | 22.1 | -3.31% |
2011 | 22.8 | 42.68% |
2010 | 16.0 | -47.16% |
2009 | 30.3 | -6.46% |
2008 | 32.4 | 58.42% |
2007 | 20.4 | -15.27% |
2006 | 24.1 | 86.89% |
2005 | 12.9 |
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.