P/E ratio for MIRAIT ONE Corporation (1417.T)
P/E ratio as of May 2024 (TTM): 10.9
According to MIRAIT ONE Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.9144. At the end of 2022 the company had a P/E ratio of 10.9.
P/E ratio history for MIRAIT ONE Corporation from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.9 | 48.76% |
| 2021 | 7.36 | -11.8% |
| 2020 | 8.34 | 25.94% |
| 2019 | 6.62 | -26.07% |
| 2018 | 8.96 | -19.79% |
| 2017 | 11.2 | -47.04% |
| 2016 | 21.1 | -27.99% |
| 2015 | 29.3 | 241.57% |
| 2014 | 8.58 | -21.9% |
| 2013 | 11.0 | -30.32% |
| 2012 | 15.8 | -127.36% |
| 2011 | -57.6 |
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.