Meitetsu
9048.T
#3064
Rank
$3.23 B
Marketcap
$16.46
Share price
-0.28%
Change (1 day)
4.97%
Change (1 year)

P/E ratio for Meitetsu (9048.T)

P/E ratio as of January 2023 (TTM): 109

According to Meitetsu 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 108.581. At the end of 2022 the company had a P/E ratio of 45.8.

P/E ratio history for Meitetsu from 2009 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202245.8-346.13%
2021-18.6-187.08%
202021.49.75%
201919.512.01%
201817.4-12.05%
201719.81.06%
201619.6-21.46%
201524.938.44%
201418.0-6.94%
201319.36.1%
201218.2-16.93%
201121.9-46.75%
201041.281.35%
200922.7-1.52%
200823.1-6.82%
200724.8-12.57%
200628.3-152.35%
2005-54.1

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.