P/E ratio for Daito Trust Construction (1878.T)
P/E ratio as of April 2024 (TTM): 14.3
According to Daito Trust Construction 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.3362. At the end of 2022 the company had a P/E ratio of 15.5.
P/E ratio history for Daito Trust Construction from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.5 | 19.93% |
| 2021 | 12.9 | 62.57% |
| 2020 | 7.94 | -34.47% |
| 2019 | 12.1 | -8.5% |
| 2018 | 13.2 | -33.8% |
| 2017 | 20.0 | 20.82% |
| 2016 | 16.6 | -0.42% |
| 2015 | 16.6 | -9.47% |
| 2014 | 18.4 | 49.62% |
| 2013 | 12.3 | -5.44% |
| 2012 | 13.0 | 5.17% |
| 2011 | 12.3 | -4.79% |
| 2010 | 13.0 | 38.36% |
| 2009 | 9.38 |
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.