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Heiwa Paper CoTSE:9929 +0.64%72 PE Ratio (TTM) is 56.21 as of Jul. 21, 2026, which is 117% above its 10-year median of 25.92. GuruFocus rates TSE:9929 with a GF Score™ of 72/100 and a GF Value™ of 円437.79 (Fairly Valued). The stock has 5 warning signs investors should review. Among 173 Forest Products companies, Heiwa Paper Co ranks worse than 85.55% on this metric.
The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2026-07-21), Heiwa Paper Co's share price is
円471.00.
Heiwa Paper Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was 円8.38. Therefore, Heiwa Paper Co's PE Ratio (TTM) for today is 56.21.
Warning Sign:
Heiwa Paper Co Ltd stock PE Ratio (=55.85) is close to 10-year high of 56.09.
The historical rank and industry rank for Heiwa Paper Co's PE Ratio (TTM) or its related term are showing as below:
TSE:9929'
s PE Ratio (TTM) Range Over the Past 10 Years
Min: 4.41 Med: 25.92 Max: 56.21
Current: 56.21
During the past 13 years, the highest PE Ratio (TTM) of Heiwa Paper Co was 56.21. The lowest was 4.41. And the median was 25.92.
TSE:9929's PE Ratio (TTM) is ranked worse than 85.55% of 173
companies
in the Forest Products industry
Industry Median: 15.64
vs TSE:9929: 56.21
During the past 12 months, Heiwa Paper Co's average EPS without NRIGrowth Rate was -32.80% per year.
During the past 3 years, the average EPS without NRIGrowth Rate was -13.20% per year.
During the past 13 years, Heiwa Paper Co's highest 3-Year average EPS without NRI Growth Rate was 31.60% per year. The lowest was -30.90% per year. And the median was -4.05% per year.
Heiwa Paper Co's EPS (Basic) for the
six
months ended in Mar. 2026 was 円8.38.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was 円8.38.
Heiwa Paper Co (TSE:9929) PE Ratio (TTM) Explanation
The PE Ratio (TTM) can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio (TTM) is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio (TTM) is positive. Also for stocks with the same PE Ratio (TTM), the one with faster growth business is more attractive.
If a company loses money, the PE Ratio (TTM) becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio (TTM) divided by the growth ratio. He thinks a company with a PE Ratio (TTM) equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio (TTM) of 20, instead of a company growing 10% a year with a PE Ratio (TTM) of 10.
Because the PE Ratio (TTM) measures how long it takes to earn back the price you pay, the PE Ratio (TTM) can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio (TTM) can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio (TTM)s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio (TTM) is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .
PE Ratio (TTM) can also be affected by non-recurring-items 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 (TTM).
Heiwa Paper Co PE Ratio (TTM) Related Terms
Heiwa Paper Co PE Ratio (TTM) Historical Data
* Premium members only.
The historical data trend for Heiwa Paper Co's PE Ratio (TTM) 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.
Heiwa Paper Co PE Ratio (TTM) Competitor Comparison
For the Paper & Paper Products subindustry, Heiwa Paper Co's PE Ratio (TTM), along with its competitors' market caps and PE Ratio (TTM) 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.
Heiwa Paper Co PE Ratio (TTM) vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Heiwa Paper Co's PE Ratio (TTM) distribution charts can be found below:
* The bar in red indicates where Heiwa Paper Co's PE Ratio (TTM) falls into.
The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.
Heiwa Paper Co's PE Ratio (TTM) for today is calculated as
Heiwa Paper Co's Share Price of today is 円471.00.
For company reported semi-annually, Heiwa Paper Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円8.38.
* 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.
It can also be calculated from the numbers for the whole company:
There are at least three kinds of PE Ratio (TTM)s used by different investors. They are Trailing Twelve Month PE Ratio (TTM) or PE Ratio (TTM) (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio (TTM) based on inflation-adjusted normalized PE Ratio (TTM) is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
Heiwa Paper Co (TSE:9929) has a PE Ratio (TTM) of 56.21 as of Jul. 21, 2026. Trailing 12-month P/E ratio is the ratio of share price to a company's trailing 12-month earnings per share. View historical data on Heiwa Paper Co and its competitors. This is 117% above median its historical median of 25.92. Over the past decade, Heiwa Paper Co's PE Ratio (TTM) has ranged from 4.41 to 56.21. According to the industry distribution chart, Heiwa Paper Co ranks #148 out of 173 companies in the Forest Products industry, placing it in the top 85.5%.
Is Heiwa Paper Co's PE Ratio (TTM) too high?
Heiwa Paper Co's current PE Ratio (TTM) of 56.21 is 117% above median its 10-year median of 25.92. Over the past 10 years, this metric has ranged from a low of 4.41 to a high of 56.21. The Forest Products industry median PE Ratio (TTM) is 15.64. Heiwa Paper Co's value of 56.21 is 259.4% above this industry median. Based on the distribution chart, Heiwa Paper Co ranks #148 out of 173 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Heiwa Paper Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heiwa Paper Co's PE Ratio (TTM) compare to competitors?
According to the Forest Products industry distribution chart, Heiwa Paper Co ranks #148 out of 173 companies for PE Ratio (TTM). This places Heiwa Paper Co in the lower half of its industry. The industry median PE Ratio (TTM) is 15.64. Heiwa Paper Co's value of 56.21 is 259.4% above this benchmark. Historically, Heiwa Paper Co's own PE Ratio (TTM) has ranged from 4.41 to 56.21 over the past decade. While the company's 10-year median is 25.92 vs. the industry median of 15.64, Heiwa Paper Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PE Ratio (TTM) for a Forest Products company?
The median PE Ratio (TTM) among Forest Products companies is 15.64, based on 173 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio (TTM) significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio (TTM) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heiwa Paper Co's current PE Ratio (TTM) of 56.21 is 259.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PE Ratio (TTM) mean?
A high PE Ratio (TTM) can signal that a stock is expensive relative to its fundamentals. Trailing 12-month P/E ratio is the ratio of share price to a company's trailing 12-month earnings per share. View historical data on Heiwa Paper Co and its competitors. For the Forest Products industry, the median PE Ratio (TTM) is 15.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heiwa Paper Co's current PE Ratio (TTM) is 56.21, which is 117% above median its own 10-year median of 25.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heiwa Paper Co stock overvalued right now?
Based on GuruFocus' analysis, Heiwa Paper Co (TSE:9929) is currently considered Fairly Valued. The stock's GF Value™ is 円437.79, compared to a current price of 円471.00 — trading 7.6% above its estimated fair value. The current PE Ratio (TTM) is 56.21, which is 117% above median its 10-year median of 25.92 and 259.4% above the Forest Products industry median of 15.64. Heiwa Paper Co's overall GF Score™ is 72/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio (TTM) calculated?
PE Ratio (TTM) is calculated from a company's financial statements. For Heiwa Paper Co (TSE:9929), the current PE Ratio (TTM) is 56.21 as of Jul. 21, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Heiwa Paper Co (TSE:9929) Overvalued in 2026?
Based on GuruFocus' analysis, Heiwa Paper Co stock appears to be overvalued.
The current stock price of 円471.00 is trading 7.6% above its estimated GF Value™ of 円437.79.
GuruFocus considers Heiwa Paper Co to be Fairly Valued.
Key valuation signals for TSE:9929:
PE Ratio (TTM): 56.21 (117% above median its 10-year median of 25.92)
GF Value™: 円437.79 vs. price of 円471.00 (7.6% above fair value)
Industry Position: 259.4% above the Forest Products median (#148 of 173)
No single metric tells the full story. See the TSE:9929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heiwa Paper Co Ltd develops, sells, exports and imports specialty papers, high-grade papers, industrial papers, and other paper materials. It also develops and commercializes new paper products. The company's product profile includes Exo Raxa, TANT, Deep Mat, Gokanshi, Cotton Life S, Satogami, Bunpel, SS-Soft, Mandala, Snow Petal, Kishu Rainbow, and others.
72GF Score
Get the complete analysis for TSE:9929
PE Ratio (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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