P/E ratio for Hitachi (6501.T)
P/E ratio as of May 2023 (TTM): 18.3
According to Hitachi's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.3483. At the end of 2022 the company had a P/E ratio of 10.4.
P/E ratio history for Hitachi from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.4 | -0.41% |
| 2021 | 10.4 | -69.67% |
| 2020 | 34.3 | 115.71% |
| 2019 | 15.9 | 55% |
| 2018 | 10.3 | -19.83% |
| 2017 | 12.8 | -13.12% |
| 2016 | 14.7 | -20.02% |
| 2015 | 18.4 | 29.92% |
| 2014 | 14.2 | -0.19% |
| 2013 | 14.2 | 105.26% |
| 2012 | 6.91 | -16.33% |
| 2011 | 8.26 | -168.74% |
| 2010 | -12.0 | 37555.62% |
| 2009 | -0.0319 | -99.91% |
| 2008 | -33.9 | -63.62% |
| 2007 | -93.1 | -226.52% |
| 2006 | 73.6 | 73.56% |
| 2005 | 42.4 | -74.9% |
| 2004 | 169 | 237.24% |
| 2003 | 50.1 | -899.02% |
| 2002 | -6.27 | -118.41% |
| 2001 | 34.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Roku ROKU | -12.0 | -165.40% | 🇺🇸 USA |
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.