P/E ratio for Hitachi Construction Machinery (6305.T)
P/E ratio as of April 2024 (TTM): 10.6
According to Hitachi Construction Machinery's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.5569. At the end of 2022 the company had a P/E ratio of 8.69.
P/E ratio history for Hitachi Construction Machinery from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.69 | -34.04% |
| 2021 | 13.2 | -80.58% |
| 2020 | 67.8 | 408.22% |
| 2019 | 13.3 | 67.39% |
| 2018 | 7.97 | -55.87% |
| 2017 | 18.1 | -61.83% |
| 2016 | 47.3 | -39.35% |
| 2015 | 78.0 | 464.38% |
| 2014 | 13.8 | -19.24% |
| 2013 | 17.1 | 6.93% |
| 2012 | 16.0 | 0.02% |
| 2011 | 16.0 | -26.72% |
| 2010 | 21.8 | -170% |
| 2009 | -31.2 |
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.