P/E ratio for Foxconn (Hon Hai Precision Industry) (2317.TW)
P/E ratio as of April 2024 (TTM): 16.5
According to Foxconn (Hon Hai Precision Industry)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.4859. At the end of 2022 the company had a P/E ratio of 9.78.
P/E ratio history for Foxconn (Hon Hai Precision Industry) from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.78 | -5.45% |
| 2021 | 10.3 | -17.44% |
| 2020 | 12.5 | 14.85% |
| 2019 | 10.9 | 25.33% |
| 2018 | 8.71 | -26.77% |
| 2017 | 11.9 | 21.46% |
| 2016 | 9.79 | 12.18% |
| 2015 | 8.73 | -13% |
| 2014 | 10.0 | 0.18% |
| 2013 | 10.0 | -10.55% |
| 2012 | 11.2 | 3.09% |
| 2011 | 10.9 | -26.19% |
| 2010 | 14.7 | -14.29% |
| 2009 | 17.2 | 153.68% |
| 2008 | 6.77 | -58.39% |
| 2007 | 16.3 |
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.