P/E ratio for Mitsubishi Estate (8802.T)
P/E ratio as of May 2023 (TTM): 13.0
According to Mitsubishi Estate's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.0232. At the end of 2022 the company had a P/E ratio of 15.8.
P/E ratio history for Mitsubishi Estate from 2009 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.8 | -19.5% |
| 2021 | 19.7 | 31.23% |
| 2020 | 15.0 | -27.41% |
| 2019 | 20.7 | -0.36% |
| 2018 | 20.7 | -25.08% |
| 2017 | 27.7 | -21.08% |
| 2016 | 35.0 | -35.66% |
| 2015 | 54.5 | 2.99% |
| 2014 | 52.9 | -30.49% |
| 2013 | 76.1 | 109.92% |
| 2012 | 36.2 | 18.28% |
| 2011 | 30.6 | -82.67% |
| 2010 | 177 | 413.41% |
| 2009 | 34.4 | -13.75% |
| 2008 | 39.9 | |
| 2004 | 51.6 | 96.08% |
| 2003 | 26.3 | -257.88% |
| 2002 | -16.7 | -121.91% |
| 2001 | 76.0 |
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.