P/E ratio for PChem (Petronas Chemicals Group) (5183.KL)
P/E ratio as of May 2024 (TTM): 14.7
According to PChem (Petronas Chemicals Group)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.7312. At the end of 2022 the company had a P/E ratio of 10.9.
P/E ratio history for PChem (Petronas Chemicals Group) from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.9 | 12.03% |
| 2021 | 9.72 | -74.63% |
| 2020 | 38.3 | 82.9% |
| 2019 | 20.9 | 32.76% |
| 2018 | 15.8 | 4.88% |
| 2017 | 15.0 | -20.93% |
| 2016 | 19.0 | -8.96% |
| 2015 | 20.9 | 15% |
| 2014 | 18.2 | 1.94% |
| 2013 | 17.8 | 22.52% |
| 2012 | 14.5 | -17.89% |
| 2011 | 17.7 |
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.