Nidec
6594.T
#865
Rank
$21.63 B
Marketcap
$37.62
Share price
-1.82%
Change (1 day)
-26.62%
Change (1 year)

P/E ratio for Nidec (6594.T)

P/E ratio as of March 2024 (TTM): 49.3

According to Nidec's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 49.2688. 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
202228.1-51.11%
202157.5-29.88%
202082.0-97.02%
2019> 100010339.03%
201826.4-30.52%
201738.029.48%
201629.3-3.11%
201530.3-0.92%
201430.5-47.92%
201358.6214.9%
201218.6-11.88%
201121.114.31%
201018.5-44.93%
200933.6101.89%
200816.6-64.42%
200746.735.5%
200634.50.95%
200534.2-69.99%
2004114258.52%
200331.7-52.93%
200267.4

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.