P/E ratio for Delta Electronics (Thailand) (DELTA.BK)
P/E ratio as of May 2024 (TTM): 46.3
According to Delta Electronics (Thailand)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 46.2588. At the end of 2022 the company had a P/E ratio of 67.7.
P/E ratio history for Delta Electronics (Thailand) from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 67.7 | -11.6% |
| 2021 | 76.6 | -10.34% |
| 2020 | 85.4 | 278.37% |
| 2019 | 22.6 | 34.79% |
| 2018 | 16.7 | -9.69% |
| 2017 | 18.5 | 0.8% |
| 2016 | 18.4 | 29.62% |
| 2015 | 14.2 | -4.17% |
| 2014 | 14.8 | 20.15% |
| 2013 | 12.3 | 37.67% |
| 2012 | 8.95 | -5.09% |
| 2011 | 9.43 | -9.97% |
| 2010 | 10.5 | -0.84% |
| 2009 | 10.6 |
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.