Mitsubishi Electric (Mitsubishi Electric) Forward PE Ratio

: 19.34 (As of Today)

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Mitsubishi Electric's Forward PE Ratio for today is 19.34.

Mitsubishi Electric's PE Ratio without NRI for today is 18.27.

Mitsubishi Electric's PE Ratio for today is 18.27.

Mitsubishi Electric Forward PE Ratio Historical Data

The historical data trend for Mitsubishi Electric's Forward PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mitsubishi Electric Annual Data

Trend

2018-12

2019-11

2020-12

2021-12

2022-12

2023-12

2024-04

Forward PE Ratio

9.50

11.67

14.66

12.95

11.52

14.77

19.76

Mitsubishi Electric Quarterly Data
	2018-03	2018-06	2018-09	2018-12	2019-03	2019-06	2019-09	2020-03	2020-06	2020-09	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03
Forward PE Ratio	14.25	12.09	12.87	9.50	11.03	10.98	11.01	13.02	12.47	18.18	14.66	16.10	15.63	14.18	12.95	12.95	14.20	12.89	11.52	15.22	21.65	21.93	14.77	19.69

Competitive Comparison

For the Electrical Equipment & Parts subindustry, Mitsubishi Electric's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mitsubishi Electric Forward PE Ratio Distribution

For the Industrial Products industry and Industrials sector, Mitsubishi Electric's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Mitsubishi Electric's Forward PE Ratio falls into.

Mitsubishi Electric Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

Mitsubishi Electric (OTCPK:MIELY) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

Mitsubishi Electric Forward PE Ratio Related Terms

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Mitsubishi Electric (Mitsubishi Electric) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mitsubishi Electric Corp (OTCPK:MIELY) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

MIELF:USA 6503:Japan MIE1:Germany

Address

Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8310

Website

https://www.mitsubishielectric.com

Mitsubishi Electric is a general electric diversified industrials company that develops, manufactures and sells electrical equipment worldwide. The company's core segments include: industrial automation systems, energy and electric systems, electric devices, information and communication systems, and home appliances (which includes commercial air conditioning). Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo.