P/E ratio for Japan Exchange Group (8697.T)
P/E ratio as of June 2023 (TTM): 23.8
According to Japan Exchange Group 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.8144. At the end of 2022 the company had a P/E ratio of 24.7.
P/E ratio history for Japan Exchange Group from 2009 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 24.7 | -11.12% |
| 2021 | 27.8 | 29.13% |
| 2020 | 21.5 | -0.02% |
| 2019 | 21.6 | 3.04% |
| 2018 | 20.9 | 1.05% |
| 2017 | 20.7 | -4.72% |
| 2016 | 21.7 | -23.03% |
| 2015 | 28.2 | 22.56% |
| 2014 | 23.0 | -11.46% |
| 2013 | 26.0 | 14.6% |
| 2012 | 22.7 | 85.25% |
| 2011 | 12.3 | -42.03% |
| 2010 | 21.1 | 54.44% |
| 2009 | 13.7 |
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.