P/E ratio for Toyo Tire (5105.T)
P/E ratio as of April 2024 (TTM): 8.75
According to Toyo Tire's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.75241. At the end of 2022 the company had a P/E ratio of 4.81.
P/E ratio history for Toyo Tire from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.81 | -28.04% |
| 2021 | 6.68 | -67.68% |
| 2020 | 20.7 | 111.74% |
| 2019 | 9.76 | -41.02% |
| 2018 | 16.5 | -13.39% |
| 2017 | 19.1 | -226.74% |
| 2016 | -15.1 | -108.27% |
| 2015 | 182 | 1778.89% |
| 2014 | 9.70 | -26.08% |
| 2013 | 13.1 | 215.33% |
| 2012 | 4.16 | -104.33% |
| 2011 | -96.2 | -1573.21% |
| 2010 | 6.53 | -105.17% |
| 2009 | -126 |
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.