P/E ratio for Mitsubishi Chemical Holdings (4188.T)
P/E ratio as of June 2023 (TTM): 19.7
According to Mitsubishi Chemical Holdings 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.7326. At the end of 2022 the company had a P/E ratio of 6.56.
P/E ratio history for Mitsubishi Chemical Holdings from 2009 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.56 | -104.12% |
| 2021 | -159 | -1007.38% |
| 2020 | 17.5 | 158.16% |
| 2019 | 6.80 | -2.98% |
| 2018 | 7.00 | -14.49% |
| 2017 | 8.19 | -56.68% |
| 2016 | 18.9 | 8.6% |
| 2015 | 17.4 | -10.33% |
| 2014 | 19.4 | -42.39% |
| 2013 | 33.7 | 83.46% |
| 2012 | 18.4 | 116.18% |
| 2011 | 8.50 | -83.53% |
| 2010 | 51.6 | -819.73% |
| 2009 | -7.17 | -227.52% |
| 2008 | 5.62 | -58.94% |
| 2007 | 13.7 | 28.97% |
| 2006 | 10.6 | -18.77% |
| 2005 | 13.1 | -32.86% |
| 2004 | 19.5 | -5.56% |
| 2003 | 20.6 | -251.37% |
| 2002 | -13.6 | -105.81% |
| 2001 | 234 |
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.