P/E ratio for Japan Exchange Group (8697.T)
P/E ratio as of April 2024 (TTM): 35.3
According to Japan Exchange Group 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 35.3194. At the end of 2022 the company had a P/E ratio of 21.2.
P/E ratio history for Japan Exchange Group from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 21.2 | -17.47% |
| 2021 | 25.7 | -5.93% |
| 2020 | 27.3 | 16.24% |
| 2019 | 23.5 | 27.64% |
| 2018 | 18.4 | -17.06% |
| 2017 | 22.2 | 0.01% |
| 2016 | 22.2 | -8.6% |
| 2015 | 24.3 | 11.4% |
| 2014 | 21.8 | -14.7% |
| 2013 | 25.6 | 3.43% |
| 2012 | 24.7 | 8.88% |
| 2011 | 22.7 | 91.51% |
| 2010 | 11.9 | -45.9% |
| 2009 | 21.9 |
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.