Nifco Inc.
7988.T
#3909
Rank
$2.42 B
Marketcap
$24.80
Share price
1.02%
Change (1 day)
-12.76%
Change (1 year)

P/E ratio for Nifco Inc. (7988.T)

P/E ratio as of July 2024 (TTM): 15.2

According to Nifco Inc.'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.2045. 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
202212.7-10.73%
202114.2-55.31%
202031.893.32%
201916.534.81%
201812.2-33.92%
201718.521.29%
201615.2-8.21%
201516.65.15%
201415.8-15.98%
201318.832.2%
201214.2-22.4%
201118.319.94%
201015.3-61.96%
200940.1

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.