P/E ratio for Nippon Steel (5401.T)
P/E ratio as of April 2024 (TTM): 4.38
According to Nippon Steel 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.37559. At the end of 2022 the company had a P/E ratio of 3.26.
P/E ratio history for Nippon Steel from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.26 | 13.09% |
| 2021 | 2.89 | -146.72% |
| 2020 | -6.18 | 27.18% |
| 2019 | -4.86 | -3504.06% |
| 2018 | 0.1427 | -98.73% |
| 2017 | 11.2 | -74.61% |
| 2016 | 44.2 | 326.65% |
| 2015 | 10.4 | -23.25% |
| 2014 | 13.5 | -0.37% |
| 2013 | 13.5 | -202.42% |
| 2012 | -13.2 | -86.22% |
| 2011 | -96.0 | -824.93% |
| 2010 | 13.2 | -157.73% |
| 2009 | -22.9 |
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.