Formosa Taffeta
1434.TW
#4960
Rank
$1.16 B
Marketcap
$0.69
Share price
0.45%
Change (1 day)
-25.81%
Change (1 year)

P/E ratio for Formosa Taffeta (1434.TW)

P/E ratio as of March 2024 (TTM): 26.6

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.

P/E ratio history for Formosa Taffeta from 2010 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202213.2-41.85%
202122.8-8.32%
202024.8124.43%
201911.1-7.47%
201812.0-3.32%
201712.4-13.19%
201614.3-20.19%
201517.918.86%
201415.0-47.07%
201328.446.93%
201219.3-14.59%
201122.693.55%
201011.7

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.