P/E ratio for Nissin Foods (2897.T)
P/E ratio as of June 2023 (TTM): 23.4
According to Nissin Foods 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.4419. At the end of 2022 the company had a P/E ratio of 25.4.
P/E ratio history for Nissin Foods from 2009 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 25.4 | 19.01% |
| 2021 | 21.4 | -35.92% |
| 2020 | 33.3 | -19.56% |
| 2019 | 41.4 | 56.92% |
| 2018 | 26.4 | -7.39% |
| 2017 | 28.5 | 28.91% |
| 2016 | 22.1 | -38.22% |
| 2015 | 35.8 | 33.88% |
| 2014 | 26.7 | 9.34% |
| 2013 | 24.5 | 32.73% |
| 2012 | 18.4 | 18.03% |
| 2011 | 15.6 | -12.27% |
| 2010 | 17.8 | -21.19% |
| 2009 | 22.6 | -25.73% |
| 2008 | 30.4 | 9.88% |
| 2007 | 27.7 | -6.2% |
| 2006 | 29.5 | 42.57% |
| 2005 | 20.7 | -11.79% |
| 2004 | 23.5 |
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.