P/E ratio for OBIC (4684.T)
P/E ratio as of April 2024 (TTM): 31.1
According to OBIC's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 31.0576. At the end of 2022 the company had a P/E ratio of 35.2.
P/E ratio history for OBIC from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 35.2 | -23.42% |
| 2021 | 46.0 | -9.72% |
| 2020 | 50.9 | 34.95% |
| 2019 | 37.7 | 55.74% |
| 2018 | 24.2 | -12.2% |
| 2017 | 27.6 | 31.44% |
| 2016 | 21.0 | -16.47% |
| 2015 | 25.1 | 27.46% |
| 2014 | 19.7 | 19.81% |
| 2013 | 16.5 | 35.8% |
| 2012 | 12.1 | -55.24% |
| 2011 | 27.1 | 104.58% |
| 2010 | 13.2 | 5.93% |
| 2009 | 12.5 |
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.