P/E ratio for Shimano (7309.T)
P/E ratio as of April 2024 (TTM): 17.9
According to Shimano's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.8998. At the end of 2022 the company had a P/E ratio of 14.9.
P/E ratio history for Shimano from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.9 | -39.31% |
| 2021 | 24.5 | -30.42% |
| 2020 | 35.2 | 10.68% |
| 2019 | 31.8 | 19.13% |
| 2018 | 26.7 | -30.2% |
| 2017 | 38.2 | 14.57% |
| 2016 | 33.4 | 46.93% |
| 2015 | 22.7 | -19.82% |
| 2014 | 28.3 | 18.69% |
| 2013 | 23.9 | 28.14% |
| 2012 | 18.6 | 7.02% |
| 2011 | 17.4 | -15.31% |
| 2010 | 20.5 | -45.39% |
| 2009 | 37.6 |
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.