Toray Industries
3402.T
#1602
Rank
$8.57 B
Marketcap
$5.36
Share price
0.17%
Change (1 day)
-13.27%
Change (1 year)

P/E ratio for Toray Industries (3402.T)

P/E ratio as of November 2022 (TTM): 7.90

According to Toray Industries 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.89629. At the end of 2022 the company had a P/E ratio of 12.2.

P/E ratio history for Toray Industries from 2009 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202212.2-51.49%
202125.282.81%
202013.8-5.16%
201914.5-13.42%
201816.84.4%
201716.1-6.18%
201617.1-24.98%
201522.821.82%
201418.7-8.26%
201320.431.18%
201215.6-6.24%
201116.6-130.57%
2010-54.359.62%
2009-34.0-279.39%
200819.0-93.96%
2007314989.54%
200628.947.35%
200519.6-38.04%
200431.6-50.18%
200363.4-50.74%
2002129208.31%
200141.8

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.