P/E ratio for Meitetsu (9048.T)
P/E ratio as of September 2023 (TTM): 18.6
According to Meitetsu 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.5815. 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 |
|---|---|---|
| 2022 | 45.8 | -346.13% |
| 2021 | -18.6 | -187.08% |
| 2020 | 21.4 | 9.75% |
| 2019 | 19.5 | 12.01% |
| 2018 | 17.4 | -12.05% |
| 2017 | 19.8 | 1.06% |
| 2016 | 19.6 | -21.46% |
| 2015 | 24.9 | 38.44% |
| 2014 | 18.0 | -6.94% |
| 2013 | 19.3 | 6.1% |
| 2012 | 18.2 | -16.93% |
| 2011 | 21.9 | -46.75% |
| 2010 | 41.2 | 81.35% |
| 2009 | 22.7 | -1.52% |
| 2008 | 23.1 | -6.82% |
| 2007 | 24.8 | -12.57% |
| 2006 | 28.3 | -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.