Start with its own history
At 27.54×, MHVYF is 28.5% above its 9-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
OTC · MHVYFIndustrial - MachineryUpdated Nov 4, 2026
Mitsubishi Heavy Industries, Ltd. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
27.54×
28.5% abovethe 9-observation annual average
Share price20.57
÷Earnings per share0.747
Price and EPS in quote currency. Calculation details
Investors are paying 27.54 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 21.44×
3-year average32.74×3 positive annual observations
5-year average24.53×5 positive annual observations
10-year average21.44×9 positive annual observations
Peer median · TTM18.19×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 16 observations
| Period end | P/E | Change |
|---|---|---|
| Mar 31, 2026 | 42.72× | +23.5% |
| Mar 31, 2025 | 34.58× | +65.3% |
| Mar 31, 2024 | 20.92× | +66.6% |
| Mar 31, 2023 | 12.55× | +5.6% |
| Mar 31, 2022 | 11.89× | -58.3% |
| Mar 31, 2021 | 28.52× | +170.8% |
| Mar 31, 2020 | 10.53× | -25.3% |
| Mar 31, 2019 | 14.11× | N/M |
View all 16 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Mar 31, 2018 | N/M | N/M |
| Mar 31, 2017 | 17.10× | -22.2% |
| Mar 31, 2016 | 21.98× | +9.2% |
| Mar 31, 2015 | 20.13× | +61.2% |
| Mar 31, 2014 | 12.49× | -30.2% |
| Mar 31, 2013 | 17.89× | -67.4% |
| Mar 31, 2012 | 54.86× | +28.8% |
| Mar 31, 2011 | 42.59× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How MHVYF compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 MHVYF This stockMitsubishi Heavy Industries, Ltd. | 27.54× |
 6302.TSumitomo Heavy Industries, Ltd. | 16.49× |
 7013.TIHI Corporation | 13.52× |
 6301.TKomatsu Ltd. | 14.35× |
 7012.TKawasaki Heavy Industries, Ltd. | 14.68× |
 6361.TEbara Corporation | 20.48× |
 5631.TThe Japan Steel Works, Ltd. | 19.89× |
 6954.TFanuc Corporation | 26.74× |
 6383.TDaifuku Co., Ltd. | 22.31× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does MHVYF’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 18.19×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take MHVYF into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("MHVYF", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 20.57 ÷ EPS 0.747 = 27.54×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 4, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
MHVYF P/E ratio: common questions
The essentials behind the numbers.
Mitsubishi Heavy Industries, Ltd.'s current P/E is 27.54× based on the quote data last updated Nov 4, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.