P/E ratio for Nidec (6594.T)
P/E ratio as of April 2024 (TTM): 56.9
According to Nidec's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 56.908. At the end of 2022 the company had a P/E ratio of 28.1.
P/E ratio history for Nidec from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 28.1 | -51.11% |
| 2021 | 57.5 | -29.88% |
| 2020 | 82.0 | -97.02% |
| 2019 | > 1000 | 10339.03% |
| 2018 | 26.4 | -30.52% |
| 2017 | 38.0 | 29.48% |
| 2016 | 29.3 | -3.11% |
| 2015 | 30.3 | -0.92% |
| 2014 | 30.5 | -47.92% |
| 2013 | 58.6 | 214.9% |
| 2012 | 18.6 | -11.88% |
| 2011 | 21.1 | 14.31% |
| 2010 | 18.5 | -44.93% |
| 2009 | 33.6 | 101.89% |
| 2008 | 16.6 | -64.42% |
| 2007 | 46.7 | 35.5% |
| 2006 | 34.5 | 0.95% |
| 2005 | 34.2 | -69.99% |
| 2004 | 114 | 258.52% |
| 2003 | 31.7 | -52.93% |
| 2002 | 67.4 |
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.