Air Busan
298690.KS
#6794
Rank
$0.23 B
Marketcap
$2.03
Share price
-1.79%
Change (1 day)
-32.33%
Change (1 year)

P/E ratio for Air Busan (298690.KS)

P/E ratio as of March 2024 (TTM): 5.73

According to Air Busan 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.7295. At the end of 2022 the company had a P/E ratio of -1.53.

P/E ratio history for Air Busan from 2018 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-1.5367.54%
2021-0.9128-35.28%
2020-1.41-67.56%
2019-4.35-127.74%
201815.7

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.