According to Happinet's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.6068. At the end of 2022 the company had a P/E ratio of 12.3.
Year | P/E ratio | Change |
---|---|---|
2022 | 12.3 | 25.28% |
2021 | 9.78 | -35.55% |
2020 | 15.2 | -30.89% |
2019 | 22.0 | 134.23% |
2018 | 9.38 | -20.37% |
2017 | 11.8 | -15.65% |
2016 | 14.0 | 13.04% |
2015 | 12.4 | 38.7% |
2014 | 8.90 | 12.22% |
2013 | 7.94 | 6.02% |
2012 | 7.49 | -13.29% |
2011 | 8.63 | -6.03% |
2010 | 9.19 | -15.25% |
2009 | 10.8 |
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.