P/E ratio for Mizuho Financial Group (MFG)
P/E ratio as of May 2024 (TTM): 10.9
According to Mizuho Financial Group 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.9488. At the end of 2022 the company had a P/E ratio of 8.18.
P/E ratio history for Mizuho Financial Group from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.18 | 35.1% |
| 2021 | 6.05 | -29.25% |
| 2020 | 8.56 | -80.28% |
| 2019 | 43.4 | 425.01% |
| 2018 | 8.27 | -8.49% |
| 2017 | 9.03 | 22.65% |
| 2016 | 7.37 | -26.23% |
| 2015 | 9.98 | 44.07% |
| 2014 | 6.93 | 38.47% |
| 2013 | 5.00 | 8.86% |
| 2012 | 4.60 | -55.08% |
| 2011 | 10.2 | 405.69% |
| 2010 | 2.02 | -193.55% |
| 2009 | -2.16 | -49.49% |
| 2008 | -4.28 | -88.65% |
| 2007 | -37.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Sumitomo Mitsui Financial Group SMFG | 13.7 | 24.68% | 🇯🇵 Japan |
 Shinhan Financial Group
SHG | 5.91 | -45.98% | 🇰🇷 S. Korea |
 KB Financial Group KB | 7.23 | -34.00% | 🇰🇷 S. Korea |
 ICICI Bank IBN | 19.2 | 75.22% | 🇮🇳 India |
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.