Start with its own history
At 8.74×, TM is 10.1% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · TMAuto - ManufacturersUpdated Oct 22, 2026
Toyota Motor Corporation P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
8.74×
10.1% belowthe 10-year annual average
Share price198.22
÷Earnings per share22.68
Price and EPS in quote currency. Calculation details
Investors are paying 8.74 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 9.72×
3-year average9.31×3 positive annual observations
5-year average9.85×5 positive annual observations
10-year average9.72×10 positive annual observations
Peer median · TTM9.72×5 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Mar 31, 2026 | 10.71× | +47.2% |
| Mar 31, 2025 | 7.28× | -26.8% |
| Mar 31, 2024 | 9.94× | -5.1% |
| Mar 31, 2023 | 10.48× | -3.3% |
| Mar 31, 2022 | 10.83× | +1.0% |
| Mar 31, 2021 | 10.73× | +20.0% |
| Mar 31, 2020 | 8.94× | -12.5% |
| Mar 31, 2019 | 10.22× | +26.0% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Mar 31, 2018 | 8.11× | -18.8% |
| Mar 31, 2017 | 9.98× | +24.3% |
| Mar 31, 2016 | 8.03× | -34.1% |
| Mar 31, 2015 | 12.18× | +20.3% |
| Mar 31, 2014 | 10.13× | -35.4% |
| Mar 31, 2013 | 15.67× | -60.4% |
| Mar 31, 2012 | 39.57× | +53.8% |
| Mar 31, 2011 | 25.74× | -54.1% |
| Mar 31, 2010 | 56.07× | N/M |
| Mar 31, 2009 | N/M | N/M |
| Mar 31, 2008 | 9.19× | -37.6% |
| Mar 31, 2007 | 14.74× | -3.3% |
| Mar 31, 2006 | 15.25× | +35.8% |
| Mar 31, 2005 | 11.23× | +2.8% |
| Mar 31, 2004 | 10.92× | -12.9% |
| Mar 31, 2003 | 12.53× | -48.0% |
| Mar 31, 2002 | 24.10× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How TM compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 TM This stockToyota Motor Corporation | 8.74× |
 GMGeneral Motors Company | 17.47× |
 FFord Motor Company | N/M |
 HMCHonda Motor Co., Ltd. | N/M |
 TSLATesla, Inc. | 378.36× |
 005380.KSHyundai Motor Company | 9.72× |
 VWAGYVolkswagen AG | 6.64× |
 STLAP.PAStellantis N.V. | N/M |
 MBGYYMercedes-Benz Group AG | 7.91× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does TM’s P/E tell you?
Compare like with like
The median of the 5 positive peer ratios above is 9.72×. 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 TM 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("TM", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 198.22 ÷ EPS 22.68 = 8.74×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Oct 22, 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.
TM P/E ratio: common questions
The essentials behind the numbers.
Toyota Motor Corporation's current P/E is 8.74× based on the quote data last updated Oct 22, 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.