P/E ratio for Rinnai Corporation (5947.T)
P/E ratio as of April 2024 (TTM): 19.1
According to Rinnai Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.1134. At the end of 2022 the company had a P/E ratio of 55.3.
P/E ratio history for Rinnai Corporation from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 55.3 | -4.44% |
| 2021 | 57.8 | -21.84% |
| 2020 | 74.0 | 16.58% |
| 2019 | 63.5 | 11.09% |
| 2018 | 57.1 | -20.55% |
| 2017 | 71.9 | 15.88% |
| 2016 | 62.1 | -18.05% |
| 2015 | 75.7 | 46.06% |
| 2014 | 51.8 | -7.71% |
| 2013 | 56.2 | 34.82% |
| 2012 | 41.7 | -23.93% |
| 2011 | 54.8 | 4.16% |
| 2010 | 52.6 | -41.98% |
| 2009 | 90.6 |
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.