Canon
CAJ
#763
Rank
$23.07 B
Marketcap
$22.72
Share price
-0.09%
Change (1 day)
-4.22%
Change (1 year)

P/E ratio for Canon (CAJ)

P/E ratio as of January 2023 (TTM): 13.9

According to Canon's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.8555. At the end of 2021 the company had a P/E ratio of 13.3.

P/E ratio history for Canon from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202113.3-47.76%
202025.50.04%
201925.596.45%
201813.0-31.06%
201718.8-14.57%
201622.022.01%
201518.121.48%
201414.9-6.17%
201315.9-5.4%
201216.8

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
9.62-30.56%๐Ÿ‡บ๐Ÿ‡ธ USA
-2.44-117.64%๐Ÿ‡บ๐Ÿ‡ธ USA

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.