P/E ratio for Toray Industries (3402.T)
P/E ratio as of May 2023 (TTM): 11.5
According to Toray Industries 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.4924. 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 |
|---|---|---|
| 2022 | 12.2 | -51.49% |
| 2021 | 25.2 | 82.81% |
| 2020 | 13.8 | -5.16% |
| 2019 | 14.5 | -13.42% |
| 2018 | 16.8 | 4.4% |
| 2017 | 16.1 | -6.18% |
| 2016 | 17.1 | -24.98% |
| 2015 | 22.8 | 21.82% |
| 2014 | 18.7 | -8.26% |
| 2013 | 20.4 | 31.18% |
| 2012 | 15.6 | -6.24% |
| 2011 | 16.6 | -130.57% |
| 2010 | -54.3 | 59.62% |
| 2009 | -34.0 | -279.39% |
| 2008 | 19.0 | -93.96% |
| 2007 | 314 | 989.54% |
| 2006 | 28.9 | 47.35% |
| 2005 | 19.6 | -38.04% |
| 2004 | 31.6 | -50.18% |
| 2003 | 63.4 | -50.74% |
| 2002 | 129 | 208.31% |
| 2001 | 41.8 |
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.