P/E ratio for Chang Hwa Commercial Bank (2801.TW)
P/E ratio as of April 2024 (TTM): 14.8
According to Chang Hwa Commercial Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.7965. At the end of 2022 the company had a P/E ratio of 17.1.
P/E ratio history for Chang Hwa Commercial Bank from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.1 | -17.3% |
| 2021 | 20.6 | -24.56% |
| 2020 | 27.4 | 35.39% |
| 2019 | 20.2 | 47.66% |
| 2018 | 13.7 | 2.86% |
| 2017 | 13.3 | 0.01% |
| 2016 | 13.3 | 11.41% |
| 2015 | 11.9 | -13.32% |
| 2014 | 13.8 | -17.22% |
| 2013 | 16.6 | 15.16% |
| 2012 | 14.4 | 14.61% |
| 2011 | 12.6 | -39.96% |
| 2010 | 21.0 |
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.