P/E ratio for Formosa Plastics (1301.TW)
P/E ratio as of November 2023 (TTM): 294
According to Formosa Plastics's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 294.369. At the end of 2022 the company had a P/E ratio of 15.3.
P/E ratio history for Formosa Plastics from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.3 | 65.01% |
| 2021 | 9.28 | -69.68% |
| 2020 | 30.6 | 79.69% |
| 2019 | 17.0 | 35.76% |
| 2018 | 12.5 | -1.37% |
| 2017 | 12.7 | -11.74% |
| 2016 | 14.4 | -9.23% |
| 2015 | 15.9 | -38.08% |
| 2014 | 25.6 | 3.51% |
| 2013 | 24.8 | -23.82% |
| 2012 | 32.5 | 135.01% |
| 2011 | 13.8 | 5.58% |
| 2010 | 13.1 |
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.