P/E ratio for Formosa Plastics (1301.TW)
P/E ratio as of April 2023 (TTM): 8.89
According to Formosa Plastics's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.89092. At the end of 2021 the company had a P/E ratio of 9.28.
P/E ratio history for Formosa Plastics from 2012 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 9.28 | -69.78% |
| 2020 | 30.7 | 80.07% |
| 2019 | 17.0 | 35.89% |
| 2018 | 12.5 | -1.37% |
| 2017 | 12.7 | -11.74% |
| 2016 | 14.4 | -4.91% |
| 2015 | 15.2 | -40.52% |
| 2014 | 25.5 | 3.5% |
| 2013 | 24.6 | -25.22% |
| 2012 | 32.9 | 137.91% |
| 2011 | 13.8 | 6.01% |
| 2010 | 13.1 | -11.82% |
| 2009 | 14.8 | 14.87% |
| 2008 | 12.9 | 22.4% |
| 2007 | 10.5 | 5.07% |
| 2006 | 10.0 |
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.