According to Formosa Taffeta's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 26.5869. At the end of 2022 the company had a P/E ratio of 13.2.
Year | P/E ratio | Change |
---|---|---|
2022 | 13.2 | -41.85% |
2021 | 22.8 | -8.32% |
2020 | 24.8 | 124.43% |
2019 | 11.1 | -7.47% |
2018 | 12.0 | -3.32% |
2017 | 12.4 | -13.19% |
2016 | 14.3 | -20.19% |
2015 | 17.9 | 18.86% |
2014 | 15.0 | -47.07% |
2013 | 28.4 | 46.93% |
2012 | 19.3 | -14.59% |
2011 | 22.6 | 93.55% |
2010 | 11.7 |
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.