Meitetsu
9048.T
#4159
Rank
$2.15 B
Marketcap
$10.97
Share price
-0.09%
Change (1 day)
-21.50%
Change (1 year)

P/E ratio for Meitetsu (9048.T)

P/E ratio as of October 2024 (TTM): 13.0

According to Meitetsu 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.9879. At the end of 2022 the company had a P/E ratio of 25.1.

P/E ratio history for Meitetsu from 2009 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202225.1-185.64%
2021-29.3-53.64%
2020-63.2-408.6%
201920.59.26%
201818.7-5.51%
201719.87.02%
201618.5-18.88%
201522.94.53%
201421.927.05%
201317.241.84%
201212.1-70.52%
201141.2163.96%
201015.6-58.34%
200937.4

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.