P/E ratio for Glory Ltd. (6457.T)
P/E ratio as of April 2024 (TTM): -25.3
According to Glory Ltd.'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -25.2667. At the end of 2022 the company had a P/E ratio of -25.5.
P/E ratio history for Glory Ltd. from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -25.5 | -281.38% |
| 2021 | 14.1 | -47.23% |
| 2020 | 26.7 | 72.53% |
| 2019 | 15.5 | 7.5% |
| 2018 | 14.4 | -50.73% |
| 2017 | 29.2 | 28.84% |
| 2016 | 22.7 | 1.37% |
| 2015 | 22.4 | 16.52% |
| 2014 | 19.2 | -20.95% |
| 2013 | 24.3 | 40.61% |
| 2012 | 17.3 | -13.48% |
| 2011 | 20.0 | -10.41% |
| 2010 | 22.3 | -42.47% |
| 2009 | 38.7 |
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.