Nitto Denko
6988.T
#1531
Rank
$9.23 B
Marketcap
$62.38
Share price
-0.34%
Change (1 day)
-15.60%
Change (1 year)

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

P/E ratio as of November 2022 (TTM): 9.69

According to Nitto Denko 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.68942. At the end of 2022 the company had a P/E ratio of 13.6.

P/E ratio history for Nitto Denko from 2009 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202213.6-33.85%
202120.526.96%
202016.114.92%
201914.0-5.08%
201814.8-34.25%
201722.577.73%
201612.7-26.15%
201517.27.92%
201415.9-22.75%
201320.616.54%
201217.736.92%
201112.9-20.98%
201016.3-98.7%
2009> 10008245.77%
200815.0-32.66%
200722.3-25.48%
200629.936.07%
200522.0

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.