P/E ratio for Shin Kong Financial Holding (2888.TW)
P/E ratio as of April 2024 (TTM): -15.8
According to Shin Kong Financial Holding's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -15.8377. At the end of 2022 the company had a P/E ratio of 87.7.
P/E ratio history for Shin Kong Financial Holding from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 87.7 | 1217.48% |
| 2021 | 6.66 | -15.76% |
| 2020 | 7.90 | 30.42% |
| 2019 | 6.06 | -36.2% |
| 2018 | 9.50 | -6.47% |
| 2017 | 10.2 | -38.81% |
| 2016 | 16.6 | 28.9% |
| 2015 | 12.9 | -1.27% |
| 2014 | 13.0 | 40.08% |
| 2013 | 9.31 | 32.17% |
| 2012 | 7.04 | -47.08% |
| 2011 | 13.3 | -73.6% |
| 2010 | 50.4 |
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.