P/E ratio for Mitsubishi Estate (8802.T)
P/E ratio as of April 2024 (TTM): 26.3
According to Mitsubishi Estate's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 26.2708. At the end of 2022 the company had a P/E ratio of 13.3.
P/E ratio history for Mitsubishi Estate from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.3 | -16.55% |
| 2021 | 15.9 | 7.34% |
| 2020 | 14.8 | -35.93% |
| 2019 | 23.1 | 27.31% |
| 2018 | 18.2 | -34.42% |
| 2017 | 27.7 | -19.08% |
| 2016 | 34.2 | -46.09% |
| 2015 | 63.5 | 83.24% |
| 2014 | 34.6 | -44.33% |
| 2013 | 62.2 | -15.65% |
| 2012 | 73.8 | 231.01% |
| 2011 | 22.3 | -77.16% |
| 2010 | 97.6 | 221.97% |
| 2009 | 30.3 |
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.