P/E ratio for Mitsubishi Chemical Holdings (4188.T)
P/E ratio as of April 2024 (TTM): 12.9
According to Mitsubishi Chemical Holdings 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.8831. At the end of 2022 the company had a P/E ratio of 13.5.
P/E ratio history for Mitsubishi Chemical Holdings from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.5 | 81.08% |
| 2021 | 7.45 | -158.88% |
| 2020 | -12.7 | -284.62% |
| 2019 | 6.86 | -8.9% |
| 2018 | 7.53 | -18.34% |
| 2017 | 9.22 | 23.9% |
| 2016 | 7.44 | -87.3% |
| 2015 | 58.6 | 375.43% |
| 2014 | 12.3 | -19.49% |
| 2013 | 15.3 | -77.69% |
| 2012 | 68.6 | 278.75% |
| 2011 | 18.1 | 98.55% |
| 2010 | 9.12 | -176.73% |
| 2009 | -11.9 |
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.