P/E ratio for Cathay Financial Holding (2882.TW)
P/E ratio as of February 2023 (TTM): 6.84
According to Cathay Financial Holding's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.84262. At the end of 2021 the company had a P/E ratio of 6.14.
P/E ratio history for Cathay Financial Holding from 2012 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 6.14 | -22.51% |
| 2020 | 7.92 | -13.05% |
| 2019 | 9.11 | -22.8% |
| 2018 | 11.8 | -2.91% |
| 2017 | 12.2 | -5.89% |
| 2016 | 12.9 | 34.52% |
| 2015 | 9.60 | -20.49% |
| 2014 | 12.1 | -38.64% |
| 2013 | 19.7 | -2.18% |
| 2012 | 20.1 | -33.35% |
| 2011 | 30.2 | -74.52% |
| 2010 | 118 | 121.47% |
| 2009 | 53.5 | -71.53% |
| 2008 | 188 | 829.17% |
| 2007 | 20.2 | -67.98% |
| 2006 | 63.2 |
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.