P/E ratio for Central Japan Railway (9022.T)
P/E ratio as of April 2024 (TTM): 3.19
According to Central Japan Railway's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.19282. At the end of 2022 the company had a P/E ratio of 30.8.
P/E ratio history for Central Japan Railway from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 30.8 | -181.37% |
| 2021 | -37.9 | -42.33% |
| 2020 | -65.7 | -626.76% |
| 2019 | 12.5 | -8.38% |
| 2018 | 13.6 | 5.48% |
| 2017 | 12.9 | -3.48% |
| 2016 | 13.4 | -28.95% |
| 2015 | 18.8 | 10% |
| 2014 | 17.1 | 34.34% |
| 2013 | 12.7 | 32.74% |
| 2012 | 9.59 | -29.21% |
| 2011 | 13.6 | -83.07% |
| 2010 | 80.0 | -7.28% |
| 2009 | 86.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 West Japan Railway 9021.T | 10.0 | 213.89% | 🇯🇵 Japan |
 East Japan Railway 9020.T | 7.56 | 136.88% | 🇯🇵 Japan |
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.