P/E ratio for Shimadzu (7701.T)
P/E ratio as of April 2024 (TTM): 20.0
According to Shimadzu's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.994. At the end of 2022 the company had a P/E ratio of 22.4.
P/E ratio history for Shimadzu from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 22.4 | -27.5% |
| 2021 | 30.9 | -11.22% |
| 2020 | 34.8 | 18.06% |
| 2019 | 29.4 | 43.79% |
| 2018 | 20.5 | -22.26% |
| 2017 | 26.3 | 17.29% |
| 2016 | 22.4 | -13.54% |
| 2015 | 26.0 | 81.63% |
| 2014 | 14.3 | -102.31% |
| 2013 | -618 | -3454.52% |
| 2012 | 18.4 | -14.63% |
| 2011 | 21.6 | -6.79% |
| 2010 | 23.2 | -56.99% |
| 2009 | 53.8 |
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.