P/E ratio for Hikari Tsushin (9435.T)
P/E ratio as of May 2023 (TTM): 10.8
According to Hikari Tsushin 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.8278. At the end of 2022 the company had a P/E ratio of 7.32.
P/E ratio history for Hikari Tsushin from 2009 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.32 | -60.77% |
| 2021 | 18.7 | 9.45% |
| 2020 | 17.0 | -13.29% |
| 2019 | 19.7 | 4.41% |
| 2018 | 18.8 | 43.89% |
| 2017 | 13.1 | -18.33% |
| 2016 | 16.0 | -8% |
| 2015 | 17.4 | 23.83% |
| 2014 | 14.1 | 0.1% |
| 2013 | 14.0 | -13.61% |
| 2012 | 16.3 | -113% |
| 2011 | -125 | -212.32% |
| 2010 | 111 | -203.1% |
| 2009 | -108 | -285.54% |
| 2008 | 58.2 | 245.04% |
| 2007 | 16.9 | -28.49% |
| 2006 | 23.6 | 9.36% |
| 2005 | 21.6 |
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.