P/E ratio for Daikin (6367.T)
P/E ratio as of June 2024 (TTM): 22.2
According to Daikin's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.2397. At the end of 2022 the company had a P/E ratio of 23.8.
P/E ratio history for Daikin from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 23.8 | -35.59% |
| 2021 | 37.0 | -16.39% |
| 2020 | 44.3 | 83.39% |
| 2019 | 24.1 | 30.61% |
| 2018 | 18.5 | -13.47% |
| 2017 | 21.4 | 5.98% |
| 2016 | 20.2 | 2.83% |
| 2015 | 19.6 | -4.12% |
| 2014 | 20.4 | 6.43% |
| 2013 | 19.2 | -33.97% |
| 2012 | 29.1 | 86.28% |
| 2011 | 15.6 | -77.23% |
| 2010 | 68.6 | -55.11% |
| 2009 | 153 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Honeywell HON | 24.7 | 10.98% | 🇺🇸 USA |
 Ingersoll Rand IR | 48.7 | 118.88% | 🇮🇪 Ireland |
 Aaon AAON | 40.4 | 81.79% | 🇺🇸 USA |
 Lennox LII | 32.5 | 46.06% | 🇺🇸 USA |
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.