P/E ratio for Nifco Inc. (7988.T)
P/E ratio as of May 2024 (TTM): 15.1
According to Nifco Inc.'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.1175. At the end of 2022 the company had a P/E ratio of 12.7.
P/E ratio history for Nifco Inc. from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.7 | -10.73% |
| 2021 | 14.2 | -55.31% |
| 2020 | 31.8 | 93.32% |
| 2019 | 16.5 | 34.81% |
| 2018 | 12.2 | -33.92% |
| 2017 | 18.5 | 21.29% |
| 2016 | 15.2 | -8.21% |
| 2015 | 16.6 | 5.15% |
| 2014 | 15.8 | -15.98% |
| 2013 | 18.8 | 32.2% |
| 2012 | 14.2 | -22.4% |
| 2011 | 18.3 | 19.94% |
| 2010 | 15.3 | -61.96% |
| 2009 | 40.1 |
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.