P/E ratio for Mitsubishi Heavy Industries (7011.T)
P/E ratio as of April 2024 (TTM): 3.42
According to Mitsubishi Heavy Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.4151. At the end of 2022 the company had a P/E ratio of 13.5.
P/E ratio history for Mitsubishi Heavy Industries from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.5 | 32.27% |
| 2021 | 10.2 | -110.61% |
| 2020 | -96.3 | -1239.19% |
| 2019 | 8.45 | -81.85% |
| 2018 | 46.6 | 230.01% |
| 2017 | 14.1 | -100.63% |
| 2016 | < -1000 | -11681.42% |
| 2015 | 19.3 | 31.86% |
| 2014 | 14.7 | -15.7% |
| 2013 | 17.4 | -47.93% |
| 2012 | 33.4 | 19.2% |
| 2011 | 28.0 | -23.83% |
| 2010 | 36.8 | -97.79% |
| 2009 | > 1000 |
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.