P/E ratio for Westlake Chemical (WLK)
P/E ratio as of June 2024 (TTM): 15.9
According to Westlake Chemical 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.9224. At the end of 2022 the company had a P/E ratio of 5.88.
P/E ratio history for Westlake Chemical from 2004 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.88 | -5.21% |
| 2021 | 6.20 | -80.54% |
| 2020 | 31.9 | 48.13% |
| 2019 | 21.5 | 148.78% |
| 2018 | 8.65 | -18.4% |
| 2017 | 10.6 | -42.07% |
| 2016 | 18.3 | 64.72% |
| 2015 | 11.1 | -7.45% |
| 2014 | 12.0 | -10.14% |
| 2013 | 13.4 | -2.65% |
| 2012 | 13.7 | 32.63% |
| 2011 | 10.3 | -20.28% |
| 2010 | 13.0 | -58.36% |
| 2009 | 31.2 | -186.08% |
| 2008 | -36.2 | -435.5% |
| 2007 | 10.8 | 2.81% |
| 2006 | 10.5 | 27.13% |
| 2005 | 8.26 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Albemarle ALB | 3.65 | -77.08% | 🇺🇸 USA |
 Celanese CE | 11.9 | -25.18% | 🇺🇸 USA |
 Dow DOW | 29.9 | 87.80% | 🇺🇸 USA |
 Eastman Chemical
EMN | 20.2 | 27.03% | 🇺🇸 USA |
 Phillips 66 PSX | 8.21 | -48.41% | 🇺🇸 USA |
 Exxon Mobil XOM | 10.8 | -31.95% | 🇺🇸 USA |
 Honeywell HON | 25.6 | 60.89% | 🇺🇸 USA |
 Olin OLN | 10.8 | -32.36% | 🇺🇸 USA |
 Huntsman Corporation
HUN | 49.5 | 210.82% | 🇺🇸 USA |
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.