P/E ratio for (HLBank) Hong Leong Bank (5819.KL)
P/E ratio as of April 2024 (TTM): 9.59
According to (HLBank) Hong Leong Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.58537. At the end of 2022 the company had a P/E ratio of 11.3.
P/E ratio history for (HLBank) Hong Leong Bank from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.3 | -9.06% |
| 2021 | 12.5 | -16.25% |
| 2020 | 14.9 | 11.83% |
| 2019 | 13.3 | -13.57% |
| 2018 | 15.4 | 53.51% |
| 2017 | 10.0 | -19.99% |
| 2016 | 12.5 | 0.08% |
| 2015 | 12.5 | 8.49% |
| 2014 | 11.5 | -12.1% |
| 2013 | 13.1 | 2.54% |
| 2012 | 12.8 |
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.