P/E ratio for Sumitomo Chemical (4005.T)
P/E ratio as of April 2024 (TTM): -5.10
According to Sumitomo Chemical 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -5.10333. At the end of 2022 the company had a P/E ratio of 8.73.
P/E ratio history for Sumitomo Chemical from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.73 | 57.09% |
| 2021 | 5.56 | -88.9% |
| 2020 | 50.1 | 309.53% |
| 2019 | 12.2 | 60.06% |
| 2018 | 7.64 | -25.14% |
| 2017 | 10.2 | -41.4% |
| 2016 | 17.4 | 36.03% |
| 2015 | 12.8 | -2.52% |
| 2014 | 13.1 | -72.41% |
| 2013 | 47.6 | -357.15% |
| 2012 | -18.5 | -95.65% |
| 2011 | -426 | -1886.05% |
| 2010 | 23.8 | -309.3% |
| 2009 | -11.4 |
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.