P/E ratio for Nissin Foods (2897.T)
P/E ratio as of April 2024 (TTM): 7.37
According to Nissin Foods 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.36904. At the end of 2022 the company had a P/E ratio of 26.7.
P/E ratio history for Nissin Foods from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 26.7 | 8.91% |
| 2021 | 24.6 | 6.5% |
| 2020 | 23.1 | -44.69% |
| 2019 | 41.7 | 43.84% |
| 2018 | 29.0 | 10.79% |
| 2017 | 26.2 | -5.55% |
| 2016 | 27.7 | -11.9% |
| 2015 | 31.4 | -2.81% |
| 2014 | 32.3 | 53.31% |
| 2013 | 21.1 | -3.47% |
| 2012 | 21.8 | 29.78% |
| 2011 | 16.8 | 4.11% |
| 2010 | 16.2 | 10.94% |
| 2009 | 14.6 |
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.