P/E ratio for Daiwa Securities Group (8601.T)
P/E ratio as of April 2024 (TTM): 19.5
According to Daiwa Securities Group 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.4594. At the end of 2022 the company had a P/E ratio of 13.3.
P/E ratio history for Daiwa Securities Group from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.3 | 71.95% |
| 2021 | 7.71 | -25.45% |
| 2020 | 10.3 | -24.68% |
| 2019 | 13.7 | 32.68% |
| 2018 | 10.4 | -15.39% |
| 2017 | 12.2 | 3.27% |
| 2016 | 11.9 | 24.57% |
| 2015 | 9.51 | -15.65% |
| 2014 | 11.3 | 16.95% |
| 2013 | 9.64 | -57.89% |
| 2012 | 22.9 |
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.