Mitsui High-tec
6966.T
#4861
Rank
$1.36 B
Marketcap
$37.37
Share price
0.16%
Change (1 day)
-43.16%
Change (1 year)

P/E ratio for Mitsui High-tec (6966.T)

P/E ratio as of July 2024 (TTM): 13.6

According to Mitsui High-tec's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.6275. At the end of 2022 the company had a P/E ratio of 10.5.

P/E ratio history for Mitsui High-tec from 2010 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202210.5-77.34%
202146.6-61.53%
2020121-284.73%
2019-65.5-252.62%
201842.952.3%
201728.238.68%
201620.320.46%
201516.960.53%
201410.515.09%
20139.13-82.32%
201251.7-855.11%
2011-6.842.24%
2010-6.69

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.