Shinkin Central Bank
8421.T
#1207
Rank
$12.80 B
Marketcap
$1,910
Share price
0.08%
Change (1 day)
-9.20%
Change (1 year)

P/E ratio for Shinkin Central Bank (8421.T)

P/E ratio as of November 2022 (TTM): 24.4

According to Shinkin Central Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.4061. At the end of 2022 the company had a P/E ratio of 48.6.

P/E ratio history for Shinkin Central Bank from 2013 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202248.6-9.82%
202153.931.21%
202041.19.42%
201937.51.3%
201837.0-1.78%
201737.719.91%
201631.574.51%
201518.0-28.05%
201425.0-0.29%
201325.1-4.96%
201226.4-4.85%
201127.86.68%
201026.0

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.