Mitsubishi Electric
6503.T
#805
Rank
$21.19 B
Marketcap
$10.04
Share price
-0.33%
Change (1 day)
-19.81%
Change (1 year)

P/E ratio for Mitsubishi Electric (6503.T)

P/E ratio as of December 2022 (TTM): 16.5

According to Mitsubishi Electric's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.4675. At the end of 2022 the company had a P/E ratio of 14.9.

P/E ratio history for Mitsubishi Electric from 2009 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202214.9-22.06%
202119.145.73%
202013.1-6.21%
201914.04%
201813.4-18.25%
201716.446.92%
201611.2-14.82%
201513.1-21.34%
201416.7-27.08%
201322.963.19%
201214.0-16.32%
201116.8-74.23%
201065.0-18.25%
200979.5562.25%
200812.0-43.27%
200721.2-3.66%
200622.033.22%
200516.5-41.79%
200428.3-147.61%
2003-59.5272.67%
2002-16.0-230.76%
200112.2

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.