P/E ratio for Advantech (2395.TW)
P/E ratio as of April 2024 (TTM): 28.2
According to Advantech's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 28.1712. At the end of 2022 the company had a P/E ratio of 26.9.
P/E ratio history for Advantech from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 26.9 | -34.27% |
| 2021 | 40.9 | -0.2% |
| 2020 | 41.0 | 29.69% |
| 2019 | 31.6 | 22.46% |
| 2018 | 25.8 | -1.66% |
| 2017 | 26.2 | -16.08% |
| 2016 | 31.2 | 8.39% |
| 2015 | 28.8 | -12.83% |
| 2014 | 33.1 | 5.38% |
| 2013 | 31.4 | 44.27% |
| 2012 | 21.7 | 51.97% |
| 2011 | 14.3 | -4.4% |
| 2010 | 15.0 |
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.