P/E ratio for NOF Corporation (4403.T)
P/E ratio as of May 2024 (TTM): 4.69
According to NOF Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.68825. At the end of 2022 the company had a P/E ratio of 14.1.
P/E ratio history for NOF Corporation from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.1 | -14.05% |
| 2021 | 16.4 | -17.63% |
| 2020 | 19.9 | 38.41% |
| 2019 | 14.4 | -3.34% |
| 2018 | 14.9 | 1.39% |
| 2017 | 14.7 | 32.14% |
| 2016 | 11.1 | -8.31% |
| 2015 | 12.1 | 0.71% |
| 2014 | 12.1 | 5.15% |
| 2013 | 11.5 | 11.86% |
| 2012 | 10.2 | 6.45% |
| 2011 | 9.62 | -20.93% |
| 2010 | 12.2 | -73.28% |
| 2009 | 45.6 |
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.