P/E ratio for Asia Cement (1102.TW)
P/E ratio as of April 2024 (TTM): 11.6
According to Asia Cement's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.6092. At the end of 2022 the company had a P/E ratio of 11.3.
P/E ratio history for Asia Cement from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.3 | 19.83% |
| 2021 | 9.43 | 2.55% |
| 2020 | 9.19 | 6.39% |
| 2019 | 8.64 | -9.51% |
| 2018 | 9.55 | -41.09% |
| 2017 | 16.2 | -23.12% |
| 2016 | 21.1 | 19.25% |
| 2015 | 17.7 | 35.98% |
| 2014 | 13.0 | 14.76% |
| 2013 | 11.3 | -49.13% |
| 2012 | 22.3 | 109.12% |
| 2011 | 10.6 | -17.49% |
| 2010 | 12.9 |
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.