Novatek Microelectronics
3034.TW
#1760
Rank
A$14.88 B
Marketcap
$24.45
Share price
0.91%
Change (1 day)
2.65%
Change (1 year)

P/E ratio for Novatek Microelectronics (3034.TW)

P/E ratio as of December 2024 (TTM): 13.1

According to Novatek Microelectronics's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.147. At the end of 2022 the company had a P/E ratio of 6.86.

P/E ratio history for Novatek Microelectronics from 2010 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20226.86-18.64%
20218.44-55.59%
202019.013.05%
201916.827.42%
201813.2-4.12%
201713.86.31%
201612.95.53%
201512.3-18.43%
201415.0-3.76%
201315.6-4.19%
201216.332.33%
201112.30.8%
201012.2

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.