P/E ratio for Advanced Petrochemical (2330.SR)
P/E ratio as of May 2024 (TTM): 59.3
According to Advanced Petrochemical's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 59.2561. At the end of 2022 the company had a P/E ratio of 37.2.
P/E ratio history for Advanced Petrochemical from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 37.2 | 98.98% |
| 2021 | 18.7 | -22.84% |
| 2020 | 24.2 | 72.7% |
| 2019 | 14.0 | 2.09% |
| 2018 | 13.8 | -3.5% |
| 2017 | 14.3 | 13.48% |
| 2016 | 12.6 | 43.21% |
| 2015 | 8.77 | -0.62% |
| 2014 | 8.82 | -25.84% |
| 2013 | 11.9 | -9.44% |
| 2012 | 13.1 | 45.67% |
| 2011 | 9.02 | -23% |
| 2010 | 11.7 |
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.