According to Kyoei Steel's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.94174. At the end of 2024 the company had a P/E ratio of 7.50.
Year | P/E ratio | Change |
---|---|---|
2024 | 7.50 | 44.42% |
2023 | 5.20 | -43.8% |
2022 | 9.25 | 8.89% |
2021 | 8.49 | 20.73% |
2020 | 7.03 | -34.93% |
2019 | 10.8 | -52.67% |
2018 | 22.8 | 24.14% |
2017 | 18.4 | 106.09% |
2016 | 8.93 | -29.78% |
2015 | 12.7 | -112.38% |
2014 | -103 | -409.2% |
2013 | 33.2 | -22.57% |
2012 | 42.9 | -151.96% |
2011 | -82.5 | -726.74% |
2010 | 13.2 | 117.05% |
2009 | 6.07 | -38.8% |
2008 | 9.91 | 32.91% |
2007 | 7.46 |
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.