P/E ratio for CTBC Financial Holding (2891.TW)
P/E ratio as of April 2024 (TTM): 16.6
According to CTBC Financial Holding 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.5804. At the end of 2022 the company had a P/E ratio of 14.3.
P/E ratio history for CTBC Financial Holding from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.3 | 49.45% |
| 2021 | 9.54 | 4.12% |
| 2020 | 9.16 | -11.64% |
| 2019 | 10.4 | -3.07% |
| 2018 | 10.7 | -0.32% |
| 2017 | 10.7 | -13.04% |
| 2016 | 12.3 | 58.92% |
| 2015 | 7.77 | -6.52% |
| 2014 | 8.31 | -37.94% |
| 2013 | 13.4 | 31.16% |
| 2012 | 10.2 | -4.46% |
| 2011 | 10.7 | -29.35% |
| 2010 | 15.1 |
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.