P/E ratio for TechnoPro Holdings (6028.T)
P/E ratio as of April 2024 (TTM): 18.1
According to TechnoPro Holdings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.098. At the end of 2022 the company had a P/E ratio of 24.7.
P/E ratio history for TechnoPro Holdings from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 24.7 | -5.14% |
| 2021 | 26.1 | 0.07% |
| 2020 | 26.1 | -1.42% |
| 2019 | 26.4 | 50.58% |
| 2018 | 17.6 | -34.97% |
| 2017 | 27.0 | 55.32% |
| 2016 | 17.4 | 6.46% |
| 2015 | 16.3 | 24.77% |
| 2014 | 13.1 |
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.