P/E ratio for Chubu Electric Power (9502.T)
P/E ratio as of April 2024 (TTM): 6.15
According to Chubu Electric Power 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.14697. At the end of 2022 the company had a P/E ratio of -15.3.
P/E ratio history for Chubu Electric Power from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -15.3 | -62.3% |
| 2021 | -40.6 | -822.61% |
| 2020 | 5.61 | -18.59% |
| 2019 | 6.89 | -67.05% |
| 2018 | 20.9 | 6.74% |
| 2017 | 19.6 | 152.86% |
| 2016 | 7.75 | -0.74% |
| 2015 | 7.81 | -103.25% |
| 2014 | -240 | 1334.94% |
| 2013 | -16.8 | -54.41% |
| 2012 | -36.8 | 190.67% |
| 2011 | -12.6 | -191.63% |
| 2010 | 13.8 | 18.05% |
| 2009 | 11.7 |
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.