Mitsubishi Electric
6503.T
#578
Rank
HK$268.57 B
Marketcap
HK$129.41
Share price
-0.31%
Change (1 day)
17.53%
Change (1 year)

P/E ratio for Mitsubishi Electric (6503.T)

P/E ratio as of December 2024 (TTM): 20.2

According to Mitsubishi Electric's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.1575. At the end of 2022 the company had a P/E ratio of 14.3.

P/E ratio history for Mitsubishi Electric from 2009 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202214.36.92%
202113.4-32.04%
202019.739.14%
201914.124.78%
201811.3-26.93%
201715.5-6.53%
201616.645.62%
201511.4-25.13%
201415.2-38.28%
201324.624.21%
201219.812.25%
201117.743%
201012.4-63.51%
200933.9

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.