P/E ratio for Pacific Basin Shipping (2343.HK)
P/E ratio at the end of 2022: 2.42
According to Pacific Basin Shipping's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.44078. At the end of 2022 the company had a P/E ratio of 2.42.
P/E ratio history for Pacific Basin Shipping from 2004 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.42 | 16.58% |
| 2021 | 2.08 | -150.59% |
| 2020 | -4.10 | -110.58% |
| 2019 | 38.8 | 236.46% |
| 2018 | 11.5 | -95.19% |
| 2017 | 240 | -4050.84% |
| 2016 | -6.07 | -73.25% |
| 2015 | -22.7 | 742.06% |
| 2014 | -2.70 | -100.31% |
| 2013 | 875 | -12387.11% |
| 2012 | -7.12 | -129.57% |
| 2011 | 24.1 | 98.77% |
| 2010 | 12.1 | 2.04% |
| 2009 | 11.9 | 537.64% |
| 2008 | 1.86 | -64.85% |
| 2007 | 5.30 | -29.51% |
| 2006 | 7.51 | 89.21% |
| 2005 | 3.97 | -11% |
| 2004 | 4.46 |
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.