Renesas Electronics
6723.T
#570
Rank
$35.22 B
Marketcap
$19.79
Share price
3.45%
Change (1 day)
0.93%
Change (1 year)

P/E ratio for Renesas Electronics (6723.T)

P/E ratio as of July 2024 (TTM): 14.3

According to Renesas Electronics 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.3197. 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
20228.56-61.39%
202122.2-45.51%
202040.7-120.28%
2019-201-1326.07%
201816.4-23.76%
201721.5-24.54%
201628.488.39%
201515.1-36.36%
201423.7-215.95%
2013-20.52801.6%
2012-0.7048-63.9%
2011-1.95-61.55%
2010-5.08533.89%
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.