P/E ratio for IGG Inc (0799.HK)
P/E ratio as of March 2023 (TTM): 3.92
According to IGG Inc's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.91874. At the end of 2021 the company had a P/E ratio of 21.1.
P/E ratio history for IGG Inc from 2014 to 2018
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 21.1 | 351.8% |
| 2020 | 4.68 | 557.63% |
| 2019 | 0.7110 | -39.42% |
| 2018 | 1.17 | -0.29% |
| 2017 | 1.18 | -26.47% |
| 2016 | 1.60 | -16.71% |
| 2015 | 1.92 | 106.41% |
| 2014 | 0.9310 | -90.77% |
| 2013 | 10.1 |
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.