P/E ratio for Shinkin Central Bank (8421.T)
P/E ratio as of April 2024 (TTM): 93.5
According to Shinkin Central Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 93.4989. At the end of 2022 the company had a P/E ratio of 60.5.
P/E ratio history for Shinkin Central Bank from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 60.5 | 25.37% |
| 2021 | 48.3 | -6.34% |
| 2020 | 51.5 | 33.37% |
| 2019 | 38.6 | 1.47% |
| 2018 | 38.1 | -6.8% |
| 2017 | 40.9 | -0.03% |
| 2016 | 40.9 | 60.21% |
| 2015 | 25.5 | 47.13% |
| 2014 | 17.3 | -30.52% |
| 2013 | 25.0 | -0.1% |
| 2012 | 25.0 | -27.57% |
| 2011 | 34.5 | 75.88% |
| 2010 | 19.6 |
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.