P/E ratio for Eastman Chemical (EMN)

P/E ratio history for Eastman Chemical from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Westlake Chemical WLK	15.3	-29.27%	🇺🇸 USA
Celanese CE	10.9	-49.82%	🇺🇸 USA
Dow DOW	28.1	29.57%	🇺🇸 USA
Dupont De Nemours DD	8.58	-60.41%	🇺🇸 USA
Ashland ASH	19.6	-9.46%	🇺🇸 USA
FMC FMC	15.9	-26.48%	🇺🇸 USA
W. R. Grace GRA	N/A	N/A	🇺🇸 USA
Exxon Mobil XOM	11.5	-47.17%	🇺🇸 USA
3M MMM	-10.1	-146.56%	🇺🇸 USA
Sasol SSL	1.56	-92.81%	🇿🇦 South Africa

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.