Mynet
3928.T
#8005
Rank
$19.74 M
Marketcap
$2.33
Share price
1.44%
Change (1 day)
-16.49%
Change (1 year)

P/E ratio for Mynet (3928.T)

P/E ratio as of March 2024 (TTM): -1.70

According to Mynet's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -1.70067. At the end of 2022 the company had a P/E ratio of -1.94.

P/E ratio history for Mynet from 2016 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-1.94-108.49%
202122.9248.6%
20206.57-364.75%
2019-2.48-45.44%
2018-4.55-100.42%
2017> 10005206.63%
201620.3

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.