Shimadzu
7701.T
#1961
Rank
$8.05 B
Marketcap
$27.34
Share price
-0.24%
Change (1 day)
-11.51%
Change (1 year)

P/E ratio for Shimadzu (7701.T)

P/E ratio as of July 2024 (TTM): 20.4

According to Shimadzu's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.4132. 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
202222.4-27.5%
202130.9-11.22%
202034.818.06%
201929.443.79%
201820.5-22.26%
201726.317.29%
201622.4-13.54%
201526.081.63%
201414.3-102.31%
2013-618-3454.52%
201218.4-14.63%
201121.6-6.79%
201023.2-56.99%
200953.8

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.