P/E ratio for SMC corp (6273.T)
P/E ratio as of April 2024 (TTM): 23.0
According to SMC corp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.9524. At the end of 2022 the company had a P/E ratio of 16.0.
P/E ratio history for SMC corp from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.0 | -42.96% |
| 2021 | 28.0 | -29.57% |
| 2020 | 39.8 | 23.7% |
| 2019 | 32.1 | 89.19% |
| 2018 | 17.0 | -24.42% |
| 2017 | 22.5 | 22.18% |
| 2016 | 18.4 | -10.75% |
| 2015 | 20.6 | -0.65% |
| 2014 | 20.7 | -2.8% |
| 2013 | 21.3 | 24.03% |
| 2012 | 17.2 | 4.39% |
| 2011 | 16.5 | -14.52% |
| 2010 | 19.3 | -87.66% |
| 2009 | 156 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 MKS Instruments MKSI | -4.43 | -119.28% | 🇺🇸 USA |
 Mesa Laboratories MLAB | 307 | 1,238.71% | 🇺🇸 USA |
 Luna Innovations
LUNA | -41.0 | -278.63% | 🇺🇸 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.