P/E ratio for NEC Corp (6701.T)
P/E ratio as of April 2024 (TTM): 20.8
According to NEC Corp 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.7639. At the end of 2022 the company had a P/E ratio of 8.82.
P/E ratio history for NEC Corp from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.82 | -26.1% |
| 2021 | 11.9 | -14.75% |
| 2020 | 14.0 | -3.07% |
| 2019 | 14.5 | -38.77% |
| 2018 | 23.6 | 42.63% |
| 2017 | 16.5 | 22.56% |
| 2016 | 13.5 | -35.3% |
| 2015 | 20.9 | 62.92% |
| 2014 | 12.8 | -91.95% |
| 2013 | 159 | -143.94% |
| 2012 | -362 | 4942.47% |
| 2011 | -7.18 | -127.62% |
| 2010 | 26.0 | -1277.46% |
| 2009 | -2.21 |
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.