P/E ratio for SMC corp (6273.T)
P/E ratio as of March 2023 (TTM): 24.2
According to SMC corp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.2188. At the end of 2022 the company had a P/E ratio of 23.7.
P/E ratio history for SMC corp from 2016 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 23.7 | -34.25% |
| 2021 | 36.0 | 29.65% |
| 2020 | 27.8 | 29.14% |
| 2019 | 21.5 | 1.67% |
| 2018 | 21.2 | 7% |
| 2017 | 19.8 | 2.48% |
| 2016 | 19.3 | -12.84% |
| 2015 | 22.1 | 1.17% |
| 2014 | 21.9 | 15.55% |
| 2013 | 18.9 | 24.32% |
| 2012 | 15.2 | -21.87% |
| 2011 | 19.5 | -57.01% |
| 2010 | 45.3 | 79.97% |
| 2009 | 25.2 | 91.84% |
| 2008 | 13.1 | -27.09% |
| 2007 | 18.0 | -27.75% |
| 2006 | 24.9 | 34.95% |
| 2005 | 18.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 MKS Instruments MKSI | 15.0 | -38.11% | 🇺🇸 USA |
 Mesa Laboratories MLAB | -510 | -2,204.67% | 🇺🇸 USA |
 Luna Innovations
LUNA | 20.6 | -15.09% | 🇺🇸 USA |
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.