P/E ratio for GlobalWafers (6488.TWO)
P/E ratio as of August 2022 (TTM): 16.8
According to GlobalWafers's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.7922. At the end of 2021 the company had a P/E ratio of 32.6.
P/E ratio history for GlobalWafers from 2015 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 32.6 | 35.24% |
| 2020 | 24.1 | 94.55% |
| 2019 | 12.4 | 41.35% |
| 2018 | 8.76 | -72.07% |
| 2017 | 31.3 | -30.76% |
| 2016 | 45.3 | 236.23% |
| 2015 | 13.5 | -2.34% |
| 2014 | 13.8 |
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.