P/E ratio for Nidec (6594.T)
P/E ratio as of March 2023 (TTM): 29.8
According to Nidec's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.8017. At the end of 2022 the company had a P/E ratio of 41.9.
P/E ratio history for Nidec from 2002 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 41.9 | -34.7% |
| 2021 | 64.1 | -42.9% |
| 2020 | 112 | 196.51% |
| 2019 | 37.9 | 2.56% |
| 2018 | 36.9 | 31.44% |
| 2017 | 28.1 | 12.25% |
| 2016 | 25.0 | -15.48% |
| 2015 | 29.6 | -4.71% |
| 2014 | 31.1 | -66.46% |
| 2013 | 92.6 | 264.53% |
| 2012 | 25.4 | 33.05% |
| 2011 | 19.1 | -28.89% |
| 2010 | 26.9 | 19.43% |
| 2009 | 22.5 | 0.76% |
| 2008 | 22.3 | -19.32% |
| 2007 | 27.7 | -18.02% |
| 2006 | 33.7 | 23.43% |
| 2005 | 27.3 | -38.18% |
| 2004 | 44.2 | 12.69% |
| 2003 | 39.2 | -51.22% |
| 2002 | 80.4 | 148.18% |
| 2001 | 32.4 |
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.