P/E ratio for Formosa Petrochemical (6505.TW)
P/E ratio as of April 2024 (TTM): 66.6
According to Formosa Petrochemical 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 66.555. At the end of 2022 the company had a P/E ratio of 53.2.
P/E ratio history for Formosa Petrochemical from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 53.2 | 187.8% |
| 2021 | 18.5 | -85.56% |
| 2020 | 128 | 406.55% |
| 2019 | 25.3 | 54.74% |
| 2018 | 16.3 | 19% |
| 2017 | 13.7 | -2.63% |
| 2016 | 14.1 | -11.15% |
| 2015 | 15.9 | -78.08% |
| 2014 | 72.3 | 149.3% |
| 2013 | 29.0 | -90.44% |
| 2012 | 303 | 663.47% |
| 2011 | 39.7 | 72.81% |
| 2010 | 23.0 |
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.