P/E ratio for Indorama Ventures (IVL.BK)
P/E ratio as of April 2024 (TTM): -36.9
According to Indorama Ventures 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -36.8555. At the end of 2021 the company had a P/E ratio of 9.51.
P/E ratio history for Indorama Ventures from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 9.51 | -92.29% |
| 2020 | 123 | 167.81% |
| 2019 | 46.1 | 293.15% |
| 2018 | 11.7 | -12.45% |
| 2017 | 13.4 | 25.81% |
| 2016 | 10.6 | -42.58% |
| 2015 | 18.5 | -70.66% |
| 2014 | 63.1 | -9.82% |
| 2013 | 70.0 | 52% |
| 2012 | 46.1 | 417.99% |
| 2011 | 8.89 | -62.13% |
| 2010 | 23.5 |
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.