P/E ratio for Hitachi Metals (5486.T)
P/E ratio as of April 2024 (TTM): 0.0000
According to Hitachi Metals's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.99379E-7. At the end of 2022 the company had a P/E ratio of 67.9.
P/E ratio history for Hitachi Metals from 2009 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 67.9 | -494.78% |
| 2021 | -17.2 | 41.07% |
| 2020 | -12.2 | -173.13% |
| 2019 | 16.7 | 39.9% |
| 2018 | 11.9 | -2.02% |
| 2017 | 12.2 | 80.31% |
| 2016 | 6.75 | -36.44% |
| 2015 | 10.6 | -29.64% |
| 2014 | 15.1 | -32.36% |
| 2013 | 22.3 | 13.22% |
| 2012 | 19.7 | 22.36% |
| 2011 | 16.1 | -90.82% |
| 2010 | 175 | -326.58% |
| 2009 | -77.4 | -500.8% |
| 2008 | 19.3 | -5.12% |
| 2007 | 20.4 | -26.09% |
| 2006 | 27.5 | -100% |
| 2005 | > 1000 |
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.