P/E ratio for Meitetsu (9048.T)
P/E ratio as of April 2024 (TTM): 15.9
According to Meitetsu 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.9185. 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 |
|---|---|---|
| 2022 | 25.1 | -185.64% |
| 2021 | -29.3 | -53.64% |
| 2020 | -63.2 | -408.6% |
| 2019 | 20.5 | 9.26% |
| 2018 | 18.7 | -5.51% |
| 2017 | 19.8 | 7.02% |
| 2016 | 18.5 | -18.88% |
| 2015 | 22.9 | 4.53% |
| 2014 | 21.9 | 27.05% |
| 2013 | 17.2 | 41.84% |
| 2012 | 12.1 | -70.52% |
| 2011 | 41.2 | 163.96% |
| 2010 | 15.6 | -58.34% |
| 2009 | 37.4 |
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.