P/E ratio for Chiba Bank (CHBAY)
P/E ratio as of April 2024 (TTM): 12.1
According to Chiba Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.1292. At the end of 2022 the company had a P/E ratio of 9.37.
P/E ratio history for Chiba Bank from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.37 | 4.12% |
| 2021 | 9.00 | -4.87% |
| 2020 | 9.46 | 1.95% |
| 2019 | 9.28 | -3.4% |
| 2018 | 9.60 | -28.63% |
| 2017 | 13.5 | 36.66% |
| 2016 | 9.85 | -25.48% |
| 2015 | 13.2 | 25.08% |
| 2014 | 10.6 | -15.16% |
| 2013 | 12.5 | 35.63% |
| 2012 | 9.18 | -13.36% |
| 2011 | 10.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Sumitomo Mitsui Financial Group SMFG | 13.1 | 7.90% | 🇯🇵 Japan |
 Mizuho Financial Group
MFG | 10.5 | -13.60% | 🇯🇵 Japan |
 Mitsubishi UFJ Financial MUFG | 10.4 | -14.16% | 🇯🇵 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.