P/E ratio for Renesas Electronics (6723.T)
P/E ratio as of April 2024 (TTM): 11.7
According to Renesas Electronics 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.6543. At the end of 2022 the company had a P/E ratio of 8.56.
P/E ratio history for Renesas Electronics from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.56 | -61.39% |
| 2021 | 22.2 | -45.51% |
| 2020 | 40.7 | -120.28% |
| 2019 | -201 | -1326.07% |
| 2018 | 16.4 | -23.76% |
| 2017 | 21.5 | -24.54% |
| 2016 | 28.4 | 88.39% |
| 2015 | 15.1 | -36.36% |
| 2014 | 23.7 | -215.95% |
| 2013 | -20.5 | 2801.6% |
| 2012 | -0.7048 | -63.9% |
| 2011 | -1.95 | -61.55% |
| 2010 | -5.08 | 533.89% |
| 2009 | -0.8010 |
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.