P/E ratio for International Games System (3293.TWO)
P/E ratio as of April 2024 (TTM): 22.9
According to International Games System's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.9054. At the end of 2022 the company had a P/E ratio of 11.1.
P/E ratio history for International Games System from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.1 | -17.21% |
| 2021 | 13.5 | -14.04% |
| 2020 | 15.7 | 12.81% |
| 2019 | 13.9 | 19.83% |
| 2018 | 11.6 | -3.94% |
| 2017 | 12.1 | -22.51% |
| 2016 | 15.6 | -46.68% |
| 2015 | 29.2 | -36.37% |
| 2014 | 45.9 | 33.73% |
| 2013 | 34.3 | 40.99% |
| 2012 | 24.3 | 60.08% |
| 2011 | 15.2 | 13.42% |
| 2010 | 13.4 |
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.