P/E ratio for Renesas Electronics (6723.T)
P/E ratio as of June 2023 (TTM): 19.7
According to Renesas Electronics 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.7271. At the end of 2021 the company had a P/E ratio of 20.6.
P/E ratio history for Renesas Electronics from 2009 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 20.6 | -49.24% |
| 2020 | 40.7 | -118.92% |
| 2019 | -215 | -1413.9% |
| 2018 | 16.4 | -42.32% |
| 2017 | 28.4 | 95.19% |
| 2016 | 14.5 | -19.07% |
| 2015 | 18.0 | -111.61% |
| 2014 | -155 | 25361.56% |
| 2013 | -0.6073 | -84.18% |
| 2012 | -3.84 | 49.06% |
| 2011 | -2.57 | 22.94% |
| 2010 | -2.09 | 129.33% |
| 2009 | -0.9132 | -94.07% |
| 2008 | -15.4 | 81.62% |
| 2007 | -8.48 | 41.97% |
| 2006 | -5.97 | -115.33% |
| 2005 | 39.0 |
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.