P/E ratio for Iida Group (3291.T)
P/E ratio as of May 2024 (TTM): 8.08
According to Iida Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.07711. At the end of 2022 the company had a P/E ratio of 6.50.
P/E ratio history for Iida Group from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.50 | -9.66% |
| 2021 | 7.19 | -18.18% |
| 2020 | 8.79 | -4.14% |
| 2019 | 9.17 | 10.71% |
| 2018 | 8.29 | -3.16% |
| 2017 | 8.56 | 4.52% |
| 2016 | 8.19 | -21.65% |
| 2015 | 10.4 | -29.46% |
| 2014 | 14.8 |
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.