P/E ratio for Nitto Denko (6988.T)
P/E ratio as of April 2024 (TTM): 20.5
According to Nitto Denko 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.5127. At the end of 2022 the company had a P/E ratio of 9.85.
P/E ratio history for Nitto Denko from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.85 | -30.36% |
| 2021 | 14.1 | -38.64% |
| 2020 | 23.0 | 15.43% |
| 2019 | 20.0 | 54.94% |
| 2018 | 12.9 | -22.64% |
| 2017 | 16.7 | -34.34% |
| 2016 | 25.4 | 57.55% |
| 2015 | 16.1 | 1.77% |
| 2014 | 15.8 | -1.35% |
| 2013 | 16.0 | -14.6% |
| 2012 | 18.8 | 68.86% |
| 2011 | 11.1 | -10.37% |
| 2010 | 12.4 | -61.35% |
| 2009 | 32.1 |
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.