P/E ratio for Far Eastern New Century (1402.TW)
P/E ratio as of April 2024 (TTM): 26.5
According to Far Eastern New Century's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 26.453. At the end of 2022 the company had a P/E ratio of 19.6.
P/E ratio history for Far Eastern New Century from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 19.6 | 29.58% |
| 2021 | 15.1 | -15.49% |
| 2020 | 17.9 | 28.71% |
| 2019 | 13.9 | 19.29% |
| 2018 | 11.6 | -30.08% |
| 2017 | 16.6 | -13.33% |
| 2016 | 19.2 | 19.34% |
| 2015 | 16.1 | 12.69% |
| 2014 | 14.3 | 14.14% |
| 2013 | 12.5 | -61.36% |
| 2012 | 32.4 | 108.79% |
| 2011 | 15.5 | -15.26% |
| 2010 | 18.3 |
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.