P/E ratio for Forgame (0484.HK)
P/E ratio at the end of 2021: 8.55
According to Forgame's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.84109. At the end of 2021 the company had a P/E ratio of 8.55.
P/E ratio history for Forgame from 2013 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 8.55 | -264.13% |
| 2020 | -5.21 | 152.52% |
| 2019 | -2.06 | 4.16% |
| 2018 | -1.98 | -111.78% |
| 2017 | 16.8 | -743.42% |
| 2016 | -2.61 | -77.02% |
| 2015 | -11.4 | -69.43% |
| 2014 | -37.2 | 807.85% |
| 2013 | -4.09 |
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.