P/E ratio for Hankook Tire (161390.KS)
P/E ratio as of April 2024 (TTM): 13.6
According to Hankook Tire 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.5615. At the end of 2022 the company had a P/E ratio of 5.43.
P/E ratio history for Hankook Tire from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.43 | -34.32% |
| 2021 | 8.27 | -36.41% |
| 2020 | 13.0 | 31.23% |
| 2019 | 9.91 | 2.48% |
| 2018 | 9.67 | -15% |
| 2017 | 11.4 | 38.13% |
| 2016 | 8.23 | -7.41% |
| 2015 | 8.89 | -4.6% |
| 2014 | 9.32 | -8.53% |
| 2013 | 10.2 |
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.