According to Hong Leong Financial Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.42759. At the end of 2022 the company had a P/E ratio of 7.80.
Year | P/E ratio | Change |
---|---|---|
2022 | 7.80 | -6.77% |
2021 | 8.36 | -19.18% |
2020 | 10.3 | 3.5% |
2019 | 10.00 | -8.46% |
2018 | 10.9 | -13% |
2017 | 12.6 | 18.94% |
2016 | 10.6 | 2.71% |
2015 | 10.3 | -0.4% |
2014 | 10.3 | -0.88% |
2013 | 10.4 | 17.19% |
2012 | 8.88 |
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.