Resona Holdings
8308.T
#1212
Rank
$14.54 B
Marketcap
$6.28
Share price
0.96%
Change (1 day)
33.25%
Change (1 year)

P/E ratio for Resona Holdings (8308.T)

P/E ratio as of June 2024 (TTM): 12.6

According to Resona Holdings 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.589. 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
202216.0127.92%
20217.0021.15%
20205.78-26.59%
20197.8711.17%
20187.084.75%
20176.76-14.79%
20167.93-22.46%
201510.271.59%
20145.96-4.1%
20136.2199.88%
20123.11-70.27%
201110.599.07%
20105.25-34.39%
20098.01

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.