P/E ratio for Shinkin Central Bank (8421.T)
P/E ratio as of September 2023 (TTM): 104
According to Shinkin Central Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 104.003. At the end of 2022 the company had a P/E ratio of 48.6.
P/E ratio history for Shinkin Central Bank from 2016 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 48.6 | -9.82% |
| 2021 | 53.9 | 31.21% |
| 2020 | 41.1 | 9.42% |
| 2019 | 37.5 | 1.3% |
| 2018 | 37.0 | -1.78% |
| 2017 | 37.7 | 19.91% |
| 2016 | 31.5 | 74.51% |
| 2015 | 18.0 | -28.05% |
| 2014 | 25.0 | -0.29% |
| 2013 | 25.1 | -4.96% |
| 2012 | 26.4 | -4.85% |
| 2011 | 27.8 | 6.68% |
| 2010 | 26.0 |
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.