P/E ratio for SK Hynix (000660.KS)
P/E ratio as of April 2024 (TTM): -14.0
According to SK Hynix's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -13.9646. At the end of 2022 the company had a P/E ratio of 23.0.
P/E ratio history for SK Hynix from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 23.0 | 145.89% |
| 2021 | 9.37 | -45.03% |
| 2020 | 17.0 | -46.87% |
| 2019 | 32.1 | 1078.87% |
| 2018 | 2.72 | -46.45% |
| 2017 | 5.08 | -52.44% |
| 2016 | 10.7 | 108.51% |
| 2015 | 5.13 | -37.41% |
| 2014 | 8.19 | -9.22% |
| 2013 | 9.02 | -108.51% |
| 2012 | -106 | -54.62% |
| 2011 | -234 | -4466.65% |
| 2010 | 5.35 | -119.08% |
| 2009 | -28.0 | |
| 2007 | 34.7 |
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.