P/E ratio for Tōkyō Gas (9531.T)
P/E ratio as of April 2024 (TTM): 4.53
According to Tōkyō Gas 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.52772. At the end of 2022 the company had a P/E ratio of 5.17.
P/E ratio history for Tōkyō Gas from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.17 | -69.7% |
| 2021 | 17.1 | -15.43% |
| 2020 | 20.2 | 42.17% |
| 2019 | 14.2 | -31.13% |
| 2018 | 20.6 | 46.48% |
| 2017 | 14.1 | -43.99% |
| 2016 | 25.1 | 149.15% |
| 2015 | 10.1 | -43.63% |
| 2014 | 17.9 | 26.13% |
| 2013 | 14.2 | 54.41% |
| 2012 | 9.19 | -48.8% |
| 2011 | 17.9 | 17.6% |
| 2010 | 15.3 | -16.75% |
| 2009 | 18.3 |
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.