P/E ratio for Dexerials Corporation (4980.T)
P/E ratio as of April 2024 (TTM): 15.6
According to Dexerials Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.588. At the end of 2022 the company had a P/E ratio of 6.71.
P/E ratio history for Dexerials Corporation from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.71 | -63.09% |
| 2021 | 18.2 | -10.77% |
| 2020 | 20.4 | -23.11% |
| 2019 | 26.5 | -10.87% |
| 2018 | 29.7 | 40.51% |
| 2017 | 21.2 | -60.05% |
| 2016 | 53.0 |
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.