P/E ratio for Novatek Microelectronics (3034.TW)
P/E ratio as of April 2024 (TTM): 15.9
According to Novatek Microelectronics's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.8632. At the end of 2022 the company had a P/E ratio of 6.86.
P/E ratio history for Novatek Microelectronics from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.86 | -18.64% |
| 2021 | 8.44 | -55.59% |
| 2020 | 19.0 | 13.05% |
| 2019 | 16.8 | 27.42% |
| 2018 | 13.2 | -4.12% |
| 2017 | 13.8 | 6.31% |
| 2016 | 12.9 | 5.53% |
| 2015 | 12.3 | -18.43% |
| 2014 | 15.0 | -3.76% |
| 2013 | 15.6 | -4.19% |
| 2012 | 16.3 | 32.33% |
| 2011 | 12.3 | 0.8% |
| 2010 | 12.2 |
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.