P/E ratio for Nippon Shinyaku (4516.T)
P/E ratio as of June 2023 (TTM): 14.3
According to Nippon Shinyaku's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.2947. At the end of 2022 the company had a P/E ratio of 23.0.
P/E ratio history for Nippon Shinyaku from 2016 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 23.0 | -15.86% |
| 2021 | 27.4 | -19.58% |
| 2020 | 34.1 | 5.16% |
| 2019 | 32.4 | -12.51% |
| 2018 | 37.0 | 11.72% |
| 2017 | 33.1 | -26.71% |
| 2016 | 45.2 | -7.7% |
| 2015 | 49.0 | 115.4% |
| 2014 | 22.7 | 22.38% |
| 2013 | 18.6 | 0.19% |
| 2012 | 18.6 | 2.88% |
| 2011 | 18.0 | 4.92% |
| 2010 | 17.2 | 28.39% |
| 2009 | 13.4 | -26.16% |
| 2008 | 18.1 | -22.06% |
| 2007 | 23.3 | -48.22% |
| 2006 | 44.9 | 303.6% |
| 2005 | 11.1 |
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.