P/E ratio for Toray Industries (3402.T)
P/E ratio as of April 2024 (TTM): 22.2
According to Toray Industries 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.2283. At the end of 2022 the company had a P/E ratio of 17.0.
P/E ratio history for Toray Industries from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.0 | 66.67% |
| 2021 | 10.2 | -61.32% |
| 2020 | 26.3 | 62.13% |
| 2019 | 16.2 | 30.95% |
| 2018 | 12.4 | -26.91% |
| 2017 | 17.0 | 1.82% |
| 2016 | 16.7 | -21.9% |
| 2015 | 21.3 | -0.32% |
| 2014 | 21.4 | 9.36% |
| 2013 | 19.6 | 8.26% |
| 2012 | 18.1 | 37.07% |
| 2011 | 13.2 | -15.18% |
| 2010 | 15.5 | -191.08% |
| 2009 | -17.1 |
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.