According to Nichirei Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.8989. At the end of 2023 the company had a P/E ratio of 16.2.
Year | P/E ratio | Change |
---|---|---|
2023 | 16.2 | 18.26% |
2022 | 13.7 | -25.63% |
2021 | 18.4 | -11.62% |
2020 | 20.9 | 16.62% |
2019 | 17.9 | -13.46% |
2018 | 20.7 | 0.03% |
2017 | 20.7 | 5.11% |
2016 | 19.7 | -5.42% |
2015 | 20.8 | 49.74% |
2014 | 13.9 | -11.85% |
2013 | 15.7 | 6.95% |
2012 | 14.7 | -44.5% |
2011 | 26.5 | 122.27% |
2010 | 11.9 | -33.01% |
2009 | 17.8 | 15.21% |
2008 | 15.5 | -21.51% |
2007 | 19.7 | -33.21% |
2006 | 29.5 | 33.73% |
2005 | 22.1 | -136.84% |
2004 | -59.9 | -356.64% |
2003 | 23.3 | -18.25% |
2002 | 28.5 | -25.46% |
2001 | 38.3 |
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.