Mitsubishi Estate
8802.T
#870
Rank
$20.88 B
Marketcap
$16.52
Share price
4.05%
Change (1 day)
36.21%
Change (1 year)

P/E ratio for Mitsubishi Estate (8802.T)

P/E ratio as of June 2024 (TTM): 23.0

According to Mitsubishi Estate's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.0469. 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
202213.3-16.55%
202115.97.34%
202014.8-35.93%
201923.127.31%
201818.2-34.42%
201727.7-19.08%
201634.2-46.09%
201563.583.24%
201434.6-44.33%
201362.2-15.65%
201273.8231.01%
201122.3-77.16%
201097.6221.97%
200930.3

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.