P/E ratio for POSCO Chemical (003670.KS)
P/E ratio as of May 2024 (TTM): 179
According to POSCO Chemical's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 178.838. At the end of 2022 the company had a P/E ratio of 118.
P/E ratio history for POSCO Chemical from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 118 | 43.66% |
| 2021 | 82.1 | -61.74% |
| 2020 | 214 | 596.36% |
| 2019 | 30.8 | 9.44% |
| 2018 | 28.1 | 16.29% |
| 2017 | 24.2 | 42.28% |
| 2016 | 17.0 | -50.4% |
| 2015 | 34.3 | -2.77% |
| 2014 | 35.3 | 167.1% |
| 2013 | 13.2 | 19.27% |
| 2012 | 11.1 | -8.8% |
| 2011 | 12.1 | -36.53% |
| 2010 | 19.1 | 104.2% |
| 2009 | 9.36 | 6.18% |
| 2008 | 8.82 | -41.16% |
| 2007 | 15.0 |
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.