P/E ratio for Nitto Denko (6988.T)
P/E ratio as of May 2023 (TTM): 12.4
According to Nitto Denko 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.4469. 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 |
|---|---|---|
| 2022 | 13.6 | -33.85% |
| 2021 | 20.5 | 26.96% |
| 2020 | 16.1 | 14.92% |
| 2019 | 14.0 | -5.08% |
| 2018 | 14.8 | -34.25% |
| 2017 | 22.5 | 77.73% |
| 2016 | 12.7 | -26.15% |
| 2015 | 17.2 | 7.92% |
| 2014 | 15.9 | -22.75% |
| 2013 | 20.6 | 16.54% |
| 2012 | 17.7 | 36.92% |
| 2011 | 12.9 | -20.98% |
| 2010 | 16.3 | -98.7% |
| 2009 | > 1000 | 8245.77% |
| 2008 | 15.0 | -32.66% |
| 2007 | 22.3 | -25.48% |
| 2006 | 29.9 | 36.07% |
| 2005 | 22.0 |
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.