P/E ratio for West Japan Railway (9021.T)
P/E ratio as of May 2024 (TTM): 10.6
According to West Japan Railway's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.6258. At the end of 2022 the company had a P/E ratio of 58.4.
P/E ratio history for West Japan Railway from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 58.4 | -863.71% |
| 2021 | -7.65 | 40.38% |
| 2020 | -5.45 | -136.79% |
| 2019 | 14.8 | -1.21% |
| 2018 | 15.0 | 0.9% |
| 2017 | 14.9 | -13.76% |
| 2016 | 17.2 | -10.06% |
| 2015 | 19.2 | 46.42% |
| 2014 | 13.1 | -7.2% |
| 2013 | 14.1 | 23.71% |
| 2012 | 11.4 | -66.49% |
| 2011 | 34.0 | 161.19% |
| 2010 | 13.0 | -40.53% |
| 2009 | 21.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Central Japan Railway 9022.T | 3.10 | -70.81% | 🇯🇵 Japan |
 East Japan Railway 9020.T | 7.62 | -28.25% | 🇯🇵 Japan |
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.