Shinkin Central Bank
8421.T
#1521
Rank
$10.91 B
Marketcap
$1,627
Share price
-0.08%
Change (1 day)
-15.78%
Change (1 year)

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

P/E ratio as of June 2024 (TTM): 91.3

According to Shinkin Central Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 91.2945. 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
202260.525.37%
202148.3-6.34%
202051.533.37%
201938.61.47%
201838.1-6.8%
201740.9-0.03%
201640.960.21%
201525.547.13%
201417.3-30.52%
201325.0-0.1%
201225.0-27.57%
201134.575.88%
201019.6

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.