JOYY
YY
#4223
Rank
$1.99 B
Marketcap
$33.67
Share price
0.78%
Change (1 day)
1.94%
Change (1 year)

P/E ratio for JOYY (YY)

P/E ratio as of July 2024 (TTM): 7.76

According to JOYY's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.75744. At the end of 2022 the company had a P/E ratio of 20.3.

P/E ratio history for JOYY from 2021 to 2020

PE ratio at the end of each year

Year P/E ratio Change
202220.3-149.92%
2021-40.6
201949.5-53.07%
2018105-13.24%
2017122105.75%
201659.1-56.5%
20151364.89%
2014129
201220.3

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-6.90-188.94%๐Ÿ‡จ๐Ÿ‡ณ China
14.6 88.38%๐Ÿ‡จ๐Ÿ‡ณ China
1.08-86.10%๐Ÿ‡จ๐Ÿ‡ณ China

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.