P/E ratio for Resona Holdings (8308.T)
P/E ratio as of March 2023 (TTM): 9.88
According to Resona Holdings 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.88013. At the end of 2022 the company had a P/E ratio of 11.9.
P/E ratio history for Resona Holdings from 2012 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.9 | 35.52% |
| 2021 | 8.76 | 68.79% |
| 2020 | 5.19 | -19.6% |
| 2019 | 6.46 | 15.47% |
| 2018 | 5.59 | -38.4% |
| 2017 | 9.08 | 75.77% |
| 2016 | 5.16 | -22.53% |
| 2015 | 6.67 | 18.89% |
| 2014 | 5.61 | 27.46% |
| 2013 | 4.40 | 11.48% |
| 2012 | 3.95 | -26.19% |
| 2011 | 5.35 | -60.36% |
| 2010 | 13.5 | 9.82% |
| 2009 | 12.3 | 95.41% |
| 2008 | 6.28 | 6.92% |
| 2007 | 5.88 | -53.53% |
| 2006 | 12.6 | 80.53% |
| 2005 | 7.01 | -837.45% |
| 2004 | -0.9500 | 157.77% |
| 2003 | -0.3686 | -26.05% |
| 2002 | -0.4984 |
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.