P/E ratio for China Airlines (2610.TW)
P/E ratio as of December 2023 (TTM): 31.0
According to China Airlines 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 30.9609. At the end of 2022 the company had a P/E ratio of 38.8.
P/E ratio history for China Airlines from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 38.8 | 132.23% |
| 2021 | 16.7 | -97.23% |
| 2020 | 602 | -1563.02% |
| 2019 | -41.2 | -224.11% |
| 2018 | 33.2 | 13.93% |
| 2017 | 29.1 | -68.68% |
| 2016 | 93.0 | 721.5% |
| 2015 | 11.3 | -110.93% |
| 2014 | -104 | 136.46% |
| 2013 | -43.8 | -92.76% |
| 2012 | -605 | 1846.12% |
| 2011 | -31.1 | -378.34% |
| 2010 | 11.2 |
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.