According to Hikari Tsushin 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.1968. At the end of 2022 the company had a P/E ratio of 8.79.
Year | P/E ratio | Change |
---|---|---|
2022 | 8.79 | -23.89% |
2021 | 11.6 | -46.88% |
2020 | 21.7 | 2.99% |
2019 | 21.1 | 31.86% |
2018 | 16.0 | -25.75% |
2017 | 21.6 | 42.5% |
2016 | 15.1 | 0.38% |
2015 | 15.1 | -2.04% |
2014 | 15.4 | 6.26% |
2013 | 14.5 | 54.69% |
2012 | 9.36 | -51.58% |
2011 | 19.3 | -143.01% |
2010 | -45.0 | -474.38% |
2009 | 12.0 |
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.