P/E ratio for Resona Holdings (8308.T)
P/E ratio as of May 2024 (TTM): 12.8
According to Resona Holdings 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.7553. At the end of 2022 the company had a P/E ratio of 16.0.
P/E ratio history for Resona Holdings from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.0 | 127.92% |
| 2021 | 7.00 | 21.15% |
| 2020 | 5.78 | -26.59% |
| 2019 | 7.87 | 11.17% |
| 2018 | 7.08 | 4.75% |
| 2017 | 6.76 | -14.79% |
| 2016 | 7.93 | -22.46% |
| 2015 | 10.2 | 71.59% |
| 2014 | 5.96 | -4.1% |
| 2013 | 6.21 | 99.88% |
| 2012 | 3.11 | -70.27% |
| 2011 | 10.5 | 99.07% |
| 2010 | 5.25 | -34.39% |
| 2009 | 8.01 |
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.