P/E ratio for Nikon (NINOY)
P/E ratio as of June 2023 (TTM): 10.0
According to Nikon's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.0205. At the end of 2022 the company had a P/E ratio of 11.2.
P/E ratio history for Nikon from 2010 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.2 | -197.46% |
| 2021 | -11.5 | -122.27% |
| 2020 | 51.7 | 447.87% |
| 2019 | 9.43 | -57.02% |
| 2018 | 21.9 | -86.64% |
| 2017 | 164 | 422.56% |
| 2016 | 31.4 | -9.52% |
| 2015 | 34.7 | 148.37% |
| 2014 | 14.0 | -31.8% |
| 2013 | 20.5 | 20.28% |
| 2012 | 17.1 | -28.39% |
| 2011 | 23.8 | -136.19% |
| 2010 | -65.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 ASML ASML | 38.9 | 288.36% | 🇳🇱 Netherlands |
 LightPath Technologies LPTH | -10.1 | -200.46% | 🇺🇸 USA |
 Canon 7751.T | 13.7 | 36.87% | 🇯🇵 Japan |
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.