P/E ratio for Kobe Bussan (3038.T)
P/E ratio as of April 2024 (TTM): 34.7
According to Kobe Bussan's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 34.7481. At the end of 2022 the company had a P/E ratio of 39.7.
P/E ratio history for Kobe Bussan from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 39.7 | -19.27% |
| 2021 | 49.2 | 8.17% |
| 2020 | 45.5 | 36.75% |
| 2019 | 33.3 | 100.45% |
| 2018 | 16.6 | 22.44% |
| 2017 | 13.6 | -42.43% |
| 2016 | 23.6 | -5.74% |
| 2015 | 25.0 | -4.66% |
| 2014 | 26.2 | 334.36% |
| 2013 | 6.04 | -30.32% |
| 2012 | 8.66 | 0.33% |
| 2011 | 8.63 | -42.87% |
| 2010 | 15.1 |
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.