P/E ratio for Nippon Steel (5401.T)
P/E ratio as of March 2023 (TTM): 3.83
According to Nippon Steel 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.83035. At the end of 2022 the company had a P/E ratio of 3.12.
P/E ratio history for Nippon Steel from 2009 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.12 | -105.84% |
| 2021 | -53.4 | 2388.48% |
| 2020 | -2.15 | -130.04% |
| 2019 | 7.14 | -32.43% |
| 2018 | 10.6 | -39.03% |
| 2017 | 17.3 | 25.37% |
| 2016 | 13.8 | 6.19% |
| 2015 | 13.0 | 21.03% |
| 2014 | 10.8 | -175.94% |
| 2013 | -14.2 | -158% |
| 2012 | 24.4 | 35.03% |
| 2011 | 18.1 | -108.97% |
| 2010 | -202 | -1943.99% |
| 2009 | 10.9 | 19.14% |
| 2008 | 9.18 | -39.83% |
| 2007 | 15.3 | 68.62% |
| 2006 | 9.05 | 12.58% |
| 2005 | 8.04 | -79.32% |
| 2004 | 38.9 | -307.53% |
| 2003 | -18.7 | -57.79% |
| 2002 | -44.4 | -182.97% |
| 2001 | 53.5 |
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.