P/E ratio for Mitsubishi Electric (6503.T)
P/E ratio as of May 2023 (TTM): 21.2
According to Mitsubishi Electric's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.2317. 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 |
|---|---|---|
| 2022 | 14.9 | -22.06% |
| 2021 | 19.1 | 45.73% |
| 2020 | 13.1 | -6.21% |
| 2019 | 14.0 | 4% |
| 2018 | 13.4 | -18.25% |
| 2017 | 16.4 | 46.92% |
| 2016 | 11.2 | -14.82% |
| 2015 | 13.1 | -21.34% |
| 2014 | 16.7 | -27.08% |
| 2013 | 22.9 | 63.19% |
| 2012 | 14.0 | -16.32% |
| 2011 | 16.8 | -74.23% |
| 2010 | 65.0 | -18.25% |
| 2009 | 79.5 | 562.25% |
| 2008 | 12.0 | -43.27% |
| 2007 | 21.2 | -3.66% |
| 2006 | 22.0 | 33.22% |
| 2005 | 16.5 | -41.79% |
| 2004 | 28.3 | -147.61% |
| 2003 | -59.5 | 272.67% |
| 2002 | -16.0 | -230.76% |
| 2001 | 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.