P/E ratio for Cathay Financial Holding (2882.TW)
P/E ratio as of April 2024 (TTM): 40.8
According to Cathay Financial Holding's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 40.8214. At the end of 2022 the company had a P/E ratio of 15.2.
P/E ratio history for Cathay Financial Holding from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.2 | 151.31% |
| 2021 | 6.04 | -23.8% |
| 2020 | 7.93 | -12.64% |
| 2019 | 9.08 | -22.72% |
| 2018 | 11.7 | -3.35% |
| 2017 | 12.2 | -5.64% |
| 2016 | 12.9 | 25.47% |
| 2015 | 10.3 | -15.38% |
| 2014 | 12.1 | -20.16% |
| 2013 | 15.2 | -26.33% |
| 2012 | 20.6 | -32.17% |
| 2011 | 30.4 | -75.78% |
| 2010 | 126 |
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.