P/E ratio for Sumitomo Denki Kōgyō (5802.T)
P/E ratio as of September 2023 (TTM): 13.8
According to Sumitomo Denki Kōgyō 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.8318. At the end of 2022 the company had a P/E ratio of 12.0.
P/E ratio history for Sumitomo Denki Kōgyō from 2009 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.0 | -48.9% |
| 2021 | 23.5 | 87.8% |
| 2020 | 12.5 | 26.01% |
| 2019 | 9.93 | -5.64% |
| 2018 | 10.5 | -21.65% |
| 2017 | 13.4 | 12.18% |
| 2016 | 12.0 | 13.91% |
| 2015 | 10.5 | -43.34% |
| 2014 | 18.6 | -21.52% |
| 2013 | 23.6 | 54.82% |
| 2012 | 15.3 | 19.22% |
| 2011 | 12.8 | -60.18% |
| 2010 | 32.2 | -15.8% |
| 2009 | 38.2 | 236.2% |
| 2008 | 11.4 | -36.45% |
| 2007 | 17.9 | -26.41% |
| 2006 | 24.3 | 3.69% |
| 2005 | 23.4 | -15.95% |
| 2004 | 27.9 | -201.17% |
| 2003 | -27.6 | -134.86% |
| 2002 | 79.1 |
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.