P/E ratio for Mitsubishi Corporation (8058.T)
P/E ratio as of May 2024 (TTM): 4.49
According to Mitsubishi Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.49158. At the end of 2022 the company had a P/E ratio of 5.04.
P/E ratio history for Mitsubishi Corporation from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.04 | -39.4% |
| 2021 | 8.32 | -27.33% |
| 2020 | 11.4 | 31.91% |
| 2019 | 8.68 | 6.17% |
| 2018 | 8.17 | -19.71% |
| 2017 | 10.2 | -103.85% |
| 2016 | -264 | -2741.81% |
| 2015 | 10.00 | -5.31% |
| 2014 | 10.6 | 18.9% |
| 2013 | 8.88 | 19.74% |
| 2012 | 7.41 |
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.