P/E ratio for Mitsubishi Corporation (8058.T)
P/E ratio as of May 2023 (TTM): 6.71
According to Mitsubishi Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.70994. At the end of 2022 the company had a P/E ratio of 7.29.
P/E ratio history for Mitsubishi Corporation from 2014 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.29 | -73.2% |
| 2021 | 27.2 | 298.71% |
| 2020 | 6.82 | -18.46% |
| 2019 | 8.37 | 3.32% |
| 2018 | 8.10 | -7.58% |
| 2017 | 8.77 | -142.42% |
| 2016 | -20.7 | -307.83% |
| 2015 | 9.94 | 13.63% |
| 2014 | 8.75 | 11.57% |
| 2013 | 7.84 | 12.68% |
| 2012 | 6.96 | -14.95% |
| 2011 | 8.18 | -44.39% |
| 2010 | 14.7 | 149.74% |
| 2009 | 5.89 | -43.68% |
| 2008 | 10.5 | -5.76% |
| 2007 | 11.1 | -8.89% |
| 2006 | 12.2 |
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.