P/E ratio for Mitsubishi Heavy Industries (7011.T)
P/E ratio as of May 2023 (TTM): 19.7
According to Mitsubishi Heavy Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.6868. At the end of 2022 the company had a P/E ratio of 12.0.
P/E ratio history for Mitsubishi Heavy Industries from 2016 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.0 | -58.84% |
| 2021 | 29.1 | 167.96% |
| 2020 | 10.9 | -29.04% |
| 2019 | 15.3 | -21.11% |
| 2018 | 19.4 | 12.01% |
| 2017 | 17.3 | -21.14% |
| 2016 | 22.0 | 8.72% |
| 2015 | 20.2 | 61.11% |
| 2014 | 12.5 | -29.85% |
| 2013 | 17.9 | -67.39% |
| 2012 | 54.9 | 28.48% |
| 2011 | 42.7 | -53.8% |
| 2010 | 92.4 | 120.21% |
| 2009 | 42.0 | 77.99% |
| 2008 | 23.6 | -54.95% |
| 2007 | 52.3 | -18.31% |
| 2006 | 64.1 | -72.74% |
| 2005 | 235 | 351.82% |
| 2004 | 52.0 | 82.49% |
| 2003 | 28.5 | -46.92% |
| 2002 | 53.7 | -170.24% |
| 2001 | -76.5 |
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.