Mynet
3928.T
#6819
Rank
$27.86 M
Marketcap
$3.29
Share price
-1.10%
Change (1 day)
-37.69%
Change (1 year)

P/E ratio for Mynet (3928.T)

P/E ratio as of December 2022 (TTM): 18.5

According to Mynet's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.4902. At the end of 2021 the company had a P/E ratio of 22.9.

P/E ratio history for Mynet from 2019 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202122.9248.6%
20206.57-364.35%
2019-2.49-45.35%
2018-4.55-100.42%
2017> 10005206.63%
201620.3-62.76%
201554.4

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.