P/E ratio for Harmonic Drive Systems (6324.T)
P/E ratio as of April 2024 (TTM): 48.9
According to Harmonic Drive Systems 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 48.9018. At the end of 2022 the company had a P/E ratio of 47.6.
P/E ratio history for Harmonic Drive Systems from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 47.6 | -47.57% |
| 2021 | 90.8 | -105.89% |
| 2020 | < -1000 | -676.35% |
| 2019 | 268 | 940.81% |
| 2018 | 25.7 | -8.55% |
| 2017 | 28.1 | -41.86% |
| 2016 | 48.3 | -1.93% |
| 2015 | 49.3 | 26.95% |
| 2014 | 38.8 | 51.02% |
| 2013 | 25.7 | 33.56% |
| 2012 | 19.3 | 6.64% |
| 2011 | 18.1 | 16.43% |
| 2010 | 15.5 | -125.51% |
| 2009 | -60.8 |
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.