P/E ratio for LG Electronics (066570.KS)
P/E ratio as of April 2024 (TTM): 40.0
According to LG Electronics 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 40.0036. At the end of 2021 the company had a P/E ratio of 5.51.
P/E ratio history for LG Electronics from 2008 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 5.51 | 143.49% |
| 2020 | 2.26 | -97.25% |
| 2019 | 82.3 | 4334.75% |
| 2018 | 1.86 | -16.24% |
| 2017 | 2.21 | -93.03% |
| 2016 | 31.8 | 54.16% |
| 2015 | 20.6 | 283.14% |
| 2014 | 5.38 | -49.28% |
| 2013 | 10.6 | -37.4% |
| 2012 | 16.9 | -578.41% |
| 2011 | -3.54 | -238.3% |
| 2010 | 2.56 | 91.5% |
| 2009 | 1.34 | -72.22% |
| 2008 | 4.81 | 104.2% |
| 2007 | 2.36 | |
| 2005 | 7.51 | 423.36% |
| 2004 | 1.43 |
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.