P/E ratio for China Steel (2002A.TW)
P/E ratio as of April 2024 (TTM): -199
According to China Steel 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -198.72. At the end of 2022 the company had a P/E ratio of 40.6.
P/E ratio history for China Steel from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 40.6 | 213.64% |
| 2021 | 12.9 | -98.73% |
| 2020 | > 1000 | 966.79% |
| 2019 | 95.6 | 248.09% |
| 2018 | 27.5 | -29.47% |
| 2017 | 38.9 | -2.75% |
| 2016 | 40.0 | -50.13% |
| 2015 | 80.3 | 175.39% |
| 2014 | 29.2 | -26.27% |
| 2013 | 39.5 | -60.79% |
| 2012 | 101 | 259.6% |
| 2011 | 28.0 | 102.34% |
| 2010 | 13.9 |
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.