P/E ratio for Tohoku Electric Power (9506.T)
P/E ratio as of April 2024 (TTM): -30.4
According to Tohoku Electric Power 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -30.391. At the end of 2022 the company had a P/E ratio of -1.01.
P/E ratio history for Tohoku Electric Power from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -1.01 | -95.33% |
| 2021 | -21.7 | -427.88% |
| 2020 | 6.61 | -11.84% |
| 2019 | 7.49 | -70.8% |
| 2018 | 25.7 | 112.13% |
| 2017 | 12.1 | 17.38% |
| 2016 | 10.3 | 15.36% |
| 2015 | 8.93 | 17.09% |
| 2014 | 7.63 | -144.5% |
| 2013 | -17.1 | 415.55% |
| 2012 | -3.33 | 127.7% |
| 2011 | -1.46 | -108.3% |
| 2010 | 17.6 | -54.19% |
| 2009 | 38.4 |
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.