P/E ratio for Sumitomo Denki Kōgyō (5802.T)
P/E ratio as of April 2024 (TTM): 17.5
According to Sumitomo Denki Kōgyō 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.515. At the end of 2022 the company had a P/E ratio of 11.7.
P/E ratio history for Sumitomo Denki Kōgyō from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.7 | 6.07% |
| 2021 | 11.0 | -76.08% |
| 2020 | 46.1 | 216.82% |
| 2019 | 14.6 | 64.08% |
| 2018 | 8.87 | -35.93% |
| 2017 | 13.9 | 2.84% |
| 2016 | 13.5 | -13% |
| 2015 | 15.5 | 45.7% |
| 2014 | 10.6 | -51.79% |
| 2013 | 22.0 | 34.87% |
| 2012 | 16.3 | 11.95% |
| 2011 | 14.6 | 40.37% |
| 2010 | 10.4 | -108.12% |
| 2009 | -128 |
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.