P/E ratio for PetGas (Petronas Gas) (6033.KL)
P/E ratio as of April 2024 (TTM): 19.4
According to PetGas (Petronas Gas)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.3876. At the end of 2022 the company had a P/E ratio of 20.6.
P/E ratio history for PetGas (Petronas Gas) from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 20.6 | 14.89% |
| 2021 | 17.9 | 5.92% |
| 2020 | 16.9 | -0.5% |
| 2019 | 17.0 | -19.81% |
| 2018 | 21.2 | 9.84% |
| 2017 | 19.3 | -20.39% |
| 2016 | 24.2 | 7.19% |
| 2015 | 22.6 | -5.01% |
| 2014 | 23.8 | 3.46% |
| 2013 | 23.0 | -16.33% |
| 2012 | 27.5 | |
| 2009 | 19.5 |
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.