P/E ratio for Cathay Real Estate Development (2501.TW)
P/E ratio as of April 2024 (TTM): 17.9
According to Cathay Real Estate Development's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.8671. At the end of 2022 the company had a P/E ratio of 14.7.
P/E ratio history for Cathay Real Estate Development from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.7 | -44.39% |
| 2021 | 26.4 | 69.62% |
| 2020 | 15.5 | -12.43% |
| 2019 | 17.8 | 181.71% |
| 2018 | 6.30 | -52.11% |
| 2017 | 13.2 | 57.82% |
| 2016 | 8.34 | -12.88% |
| 2015 | 9.57 | 42.78% |
| 2014 | 6.70 | -48.04% |
| 2013 | 12.9 | 28.95% |
| 2012 | 10.0 | 158.24% |
| 2011 | 3.87 | -81.65% |
| 2010 | 21.1 |
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.