P/E ratio for Meiji Holdings (2269.T)
P/E ratio as of April 2024 (TTM): 12.9
According to Meiji Holdings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.9406. At the end of 2022 the company had a P/E ratio of 24.1.
P/E ratio history for Meiji Holdings from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 24.1 | -12.1% |
| 2021 | 27.5 | -16.23% |
| 2020 | 32.8 | -19.77% |
| 2019 | 40.8 | 13.89% |
| 2018 | 35.9 | -16.2% |
| 2017 | 42.8 | -8.53% |
| 2016 | 46.8 | -16.94% |
| 2015 | 56.3 | 2.84% |
| 2014 | 54.8 | 36.81% |
| 2013 | 40.0 | -38.99% |
| 2012 | 65.6 | -75.2% |
| 2011 | 265 | 599.2% |
| 2010 | 37.8 | -3.15% |
| 2009 | 39.1 |
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.