P/E ratio for Tsuruha Holdings (3391.T)
P/E ratio as of April 2024 (TTM): 16.5
According to Tsuruha Holdings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.5294. At the end of 2022 the company had a P/E ratio of 21.3.
P/E ratio history for Tsuruha Holdings from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 21.3 | -10.94% |
| 2021 | 23.9 | -2.75% |
| 2020 | 24.6 | -0.57% |
| 2019 | 24.7 | 34.32% |
| 2018 | 18.4 | -40.64% |
| 2017 | 31.0 | 27.74% |
| 2016 | 24.3 | -8.27% |
| 2015 | 26.4 | 21.97% |
| 2014 | 21.7 | 29.37% |
| 2013 | 16.8 | 28.66% |
| 2012 | 13.0 | 14.47% |
| 2011 | 11.4 | -15.21% |
| 2010 | 13.4 | 15.31% |
| 2009 | 11.6 |
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.