P/E ratio for Doosan Bobcat (241560.KS)
P/E ratio as of April 2024 (TTM): 5.46
According to Doosan Bobcat's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.45895. At the end of 2022 the company had a P/E ratio of 5.47.
P/E ratio history for Doosan Bobcat from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.47 | -48.8% |
| 2021 | 10.7 | -10.79% |
| 2020 | 12.0 | -6.61% |
| 2019 | 12.8 | 9.38% |
| 2018 | 11.7 | -11.32% |
| 2017 | 13.2 | -33.4% |
| 2016 | 19.8 |
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.