P/E ratio for Delta Electronics (2308.TW)
P/E ratio as of April 2024 (TTM): 23.5
According to Delta Electronics's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.517. At the end of 2022 the company had a P/E ratio of 22.8.
P/E ratio history for Delta Electronics from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 22.8 | -14.62% |
| 2021 | 26.7 | -0.51% |
| 2020 | 26.8 | 57.49% |
| 2019 | 17.0 | -6.18% |
| 2018 | 18.1 | -10.49% |
| 2017 | 20.3 | -8% |
| 2016 | 22.0 | 8.66% |
| 2015 | 20.3 | -8.42% |
| 2014 | 22.1 | -4.81% |
| 2013 | 23.3 | 32.83% |
| 2012 | 17.5 | 11.37% |
| 2011 | 15.7 | -26.2% |
| 2010 | 21.3 |
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.