Sumitomo Denki Kōgyō
5802.T
#1472
Rank
$11.62 B
Marketcap
$14.91
Share price
-2.00%
Change (1 day)
18.60%
Change (1 year)

P/E ratio for Sumitomo Denki Kōgyō (5802.T)

P/E ratio as of July 2024 (TTM): 16.7

According to Sumitomo Denki Kōgyō 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.6846. 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
202211.76.07%
202111.0-76.08%
202046.1216.82%
201914.664.08%
20188.87-35.93%
201713.92.84%
201613.5-13%
201515.545.7%
201410.6-51.79%
201322.034.87%
201216.311.95%
201114.640.37%
201010.4-108.12%
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.