P/E ratio for Industrial Bank of Korea (IBK) (024110.KS)
P/E ratio as of May 2024 (TTM): 3.71
According to Industrial Bank of Korea (IBK)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.71237. At the end of 2022 the company had a P/E ratio of 2.98.
P/E ratio history for Industrial Bank of Korea (IBK) from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.98 | -16.78% |
| 2021 | 3.58 | -18.87% |
| 2020 | 4.41 | -16.08% |
| 2019 | 5.26 | -1.82% |
| 2018 | 5.35 | -28.9% |
| 2017 | 7.53 | -2.29% |
| 2016 | 7.71 | 4.39% |
| 2015 | 7.38 | -19.43% |
| 2014 | 9.16 | -4.54% |
| 2013 | 9.60 | 43.6% |
| 2012 | 6.68 | 17.95% |
| 2011 | 5.67 | -39.44% |
| 2010 | 9.36 | -24.75% |
| 2009 | 12.4 | |
| 2007 | 7.18 |
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.