P/E ratio for Advantest (6857.T)
P/E ratio as of May 2024 (TTM): 18.1
According to Advantest 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.1235. At the end of 2022 the company had a P/E ratio of 31.3.
P/E ratio history for Advantest from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 31.3 | -28.98% |
| 2021 | 44.1 | -30.94% |
| 2020 | 63.9 | -3.41% |
| 2019 | 66.2 | 266.24% |
| 2018 | 18.1 | -57.29% |
| 2017 | 42.3 | -27.78% |
| 2016 | 58.6 | 171.57% |
| 2015 | 21.6 | -92.46% |
| 2014 | 286 | -1413% |
| 2013 | -21.8 | -147.17% |
| 2012 | 46.2 | -173.62% |
| 2011 | -62.7 | -140.72% |
| 2010 | 154 | -2515.19% |
| 2009 | -6.38 | -85.31% |
| 2008 | -43.4 | -193.25% |
| 2007 | 46.6 | -18.48% |
| 2006 | 57.1 | -42.24% |
| 2005 | 98.9 |
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.