P/E ratio for Cathay Real Estate Development (2501.TW)
P/E ratio as of January 2023 (TTM): 102
According to Cathay Real Estate Development's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 102.01. At the end of 2021 the company had a P/E ratio of 26.4.
P/E ratio history for Cathay Real Estate Development from 2012 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 26.4 | 70.04% |
| 2020 | 15.5 | -12.65% |
| 2019 | 17.8 | 181.71% |
| 2018 | 6.30 | -52.11% |
| 2017 | 13.2 | 48.95% |
| 2016 | 8.83 | 29.93% |
| 2015 | 6.80 | 3.85% |
| 2014 | 6.55 | -49.11% |
| 2013 | 12.9 | 32.51% |
| 2012 | 9.71 | 150.64% |
| 2011 | 3.87 | -81.7% |
| 2010 | 21.2 | -21.8% |
| 2009 | 27.1 | 17.36% |
| 2008 | 23.1 | 19.43% |
| 2007 | 19.3 | -15.1% |
| 2006 | 22.8 |
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.