Nitto Denko
6988.T
#1491
Rank
$11.11 B
Marketcap
$78.83
Share price
-0.44%
Change (1 day)
1.79%
Change (1 year)

P/E ratio for Nitto Denko (6988.T)

P/E ratio as of June 2024 (TTM): 17.8

According to Nitto Denko 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.8117. 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
20229.85-30.36%
202114.1-38.64%
202023.015.43%
201920.054.94%
201812.9-22.64%
201716.7-34.34%
201625.457.55%
201516.11.77%
201415.8-1.35%
201316.0-14.6%
201218.868.86%
201111.1-10.37%
201012.4-61.35%
200932.1

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.