P/E ratio for JOYY (YY)
P/E ratio as of April 2024 (TTM): 7.47
According to JOYY's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.47368. 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 |
|---|---|---|
| 2022 | 20.3 | -149.92% |
| 2021 | -40.6 | |
| 2019 | 49.5 | -53.07% |
| 2018 | 105 | -13.24% |
| 2017 | 122 | 105.75% |
| 2016 | 59.1 | -56.5% |
| 2015 | 136 | 4.89% |
| 2014 | 129 | |
| 2012 | 20.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Sohu.com SOHU | -5.48 | -173.36% | 🇨🇳 China |
 Baidu BIDU | 15.4 | 106.33% | 🇨🇳 China |
 Renren
RENN | 1.08 | -85.57% | 🇨🇳 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.