P/E ratio for Tokai Carbon (5301.T)
P/E ratio as of April 2024 (TTM): 6.76
According to Tokai Carbon 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.76146. At the end of 2022 the company had a P/E ratio of 10.2.
P/E ratio history for Tokai Carbon from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.2 | -36.19% |
| 2021 | 16.0 | -94.08% |
| 2020 | 270 | 3599.38% |
| 2019 | 7.30 | 101.27% |
| 2018 | 3.62 | -84.95% |
| 2017 | 24.1 | -337.03% |
| 2016 | -10.2 | -134.61% |
| 2015 | 29.4 | -0.77% |
| 2014 | 29.6 | -54.21% |
| 2013 | 64.6 | 68.1% |
| 2012 | 38.4 | 163.63% |
| 2011 | 14.6 | -24.79% |
| 2010 | 19.4 | -48.73% |
| 2009 | 37.8 |
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.