P/E ratio for Sumitomo Chemical (4005.T)
P/E ratio as of May 2023 (TTM): 6.42
According to Sumitomo Chemical 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.42261. At the end of 2022 the company had a P/E ratio of 5.71.
P/E ratio history for Sumitomo Chemical from 2009 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.71 | -72.43% |
| 2021 | 20.7 | 19% |
| 2020 | 17.4 | 136.91% |
| 2019 | 7.34 | -3.1% |
| 2018 | 7.58 | -36.87% |
| 2017 | 12.0 | 16.86% |
| 2016 | 10.3 | -46.49% |
| 2015 | 19.2 | 13.68% |
| 2014 | 16.9 | -289.15% |
| 2013 | -8.93 | -108.67% |
| 2012 | 103 | 264.15% |
| 2011 | 28.3 | -44.95% |
| 2010 | 51.3 | -646.06% |
| 2009 | -9.40 | -156.83% |
| 2008 | 16.5 | 5.62% |
| 2007 | 15.7 | -9.84% |
| 2006 | 17.4 | 29.59% |
| 2005 | 13.4 | -43.44% |
| 2004 | 23.7 | 32.21% |
| 2003 | 17.9 | -33.36% |
| 2002 | 26.9 | -8% |
| 2001 | 29.2 |
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.