P/E ratio for Odakyu Electric Railway (9007.T)
P/E ratio as of May 2024 (TTM): 12.4
According to Odakyu Electric Railway's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.4499. At the end of 2022 the company had a P/E ratio of 87.7.
P/E ratio history for Odakyu Electric Railway from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 87.7 | -154.29% |
| 2021 | -161 | 184.73% |
| 2020 | -56.7 | -260.82% |
| 2019 | 35.3 | 12.52% |
| 2018 | 31.3 | 4.44% |
| 2017 | 30.0 | 0.19% |
| 2016 | 29.9 | -4.92% |
| 2015 | 31.5 | 9.37% |
| 2014 | 28.8 | -7.72% |
| 2013 | 31.2 | 25.12% |
| 2012 | 24.9 | -57.86% |
| 2011 | 59.2 | 52.75% |
| 2010 | 38.7 | -19.35% |
| 2009 | 48.0 |
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.