P/E ratio for Mitsui High-tec (6966.T)
P/E ratio as of April 2024 (TTM): 16.5
According to Mitsui High-tec's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.5086. 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 |
|---|---|---|
| 2022 | 10.5 | -77.34% |
| 2021 | 46.6 | -61.53% |
| 2020 | 121 | -284.73% |
| 2019 | -65.5 | -252.62% |
| 2018 | 42.9 | 52.3% |
| 2017 | 28.2 | 38.68% |
| 2016 | 20.3 | 20.46% |
| 2015 | 16.9 | 60.53% |
| 2014 | 10.5 | 15.09% |
| 2013 | 9.13 | -82.32% |
| 2012 | 51.7 | -855.11% |
| 2011 | -6.84 | 2.24% |
| 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.