P/E ratio for Sinopac Financial Holdings (2890.TW)
P/E ratio as of April 2024 (TTM): 13.8
According to Sinopac Financial Holdings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.8441. At the end of 2022 the company had a P/E ratio of 12.3.
P/E ratio history for Sinopac Financial Holdings from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.3 | 6.82% |
| 2021 | 11.5 | 7.01% |
| 2020 | 10.8 | -10.31% |
| 2019 | 12.0 | -3.08% |
| 2018 | 12.4 | 1.02% |
| 2017 | 12.3 | 2.82% |
| 2016 | 11.9 | 31.67% |
| 2015 | 9.07 | -3.94% |
| 2014 | 9.45 | -17.22% |
| 2013 | 11.4 | 12.47% |
| 2012 | 10.1 | -54.68% |
| 2011 | 22.4 | 18.33% |
| 2010 | 18.9 |
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.