P/E ratio for Hitachi Construction Machinery (6305.T)
P/E ratio as of June 2023 (TTM): 12.9
According to Hitachi Construction Machinery's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.9261. At the end of 2022 the company had a P/E ratio of 9.09.
P/E ratio history for Hitachi Construction Machinery from 2009 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.09 | -87.86% |
| 2021 | 74.9 | 549.99% |
| 2020 | 11.5 | 21.92% |
| 2019 | 9.45 | -35.06% |
| 2018 | 14.5 | -80.38% |
| 2017 | 74.2 | 69.65% |
| 2016 | 43.7 | 154.85% |
| 2015 | 17.2 | 19.04% |
| 2014 | 14.4 | -20.91% |
| 2013 | 18.2 | 8.33% |
| 2012 | 16.8 | -57.38% |
| 2011 | 39.5 | -65.49% |
| 2010 | 114 | 689.72% |
| 2009 | 14.5 | 56.62% |
| 2008 | 9.24 | -45.69% |
| 2007 | 17.0 | -31.5% |
| 2006 | 24.8 | 56.99% |
| 2005 | 15.8 |
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.