According to Elecom's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.3386. At the end of 2023 the company had a P/E ratio of 13.1.
Year | P/E ratio | Change |
---|---|---|
2023 | 13.1 | -1.19% |
2022 | 13.3 | -35.29% |
2021 | 20.5 | 25.18% |
2020 | 16.4 | -9.76% |
2019 | 18.2 | 30.61% |
2018 | 13.9 | 4.14% |
2017 | 13.4 | -18.71% |
2016 | 16.4 | 36.43% |
2015 | 12.0 | 6.74% |
2014 | 11.3 | 30.7% |
2013 | 8.63 | -19.95% |
2012 | 10.8 | 61.83% |
2011 | 6.66 | -65% |
2010 | 19.0 |
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.