P/E ratio for Mitsubishi Electric (6503.T)
P/E ratio as of April 2024 (TTM): 19.6
According to Mitsubishi Electric's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.5862. At the end of 2022 the company had a P/E ratio of 14.3.
P/E ratio history for Mitsubishi Electric from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.3 | 6.92% |
| 2021 | 13.4 | -32.04% |
| 2020 | 19.7 | 39.14% |
| 2019 | 14.1 | 24.78% |
| 2018 | 11.3 | -26.93% |
| 2017 | 15.5 | -6.53% |
| 2016 | 16.6 | 45.62% |
| 2015 | 11.4 | -25.13% |
| 2014 | 15.2 | -38.28% |
| 2013 | 24.6 | 24.21% |
| 2012 | 19.8 | 12.25% |
| 2011 | 17.7 | 43% |
| 2010 | 12.4 | -63.51% |
| 2009 | 33.9 |
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.