SK Hynix
000660.KS
#154
Rank
$104.04 B
Marketcap
$151.09
Share price
-1.41%
Change (1 day)
62.31%
Change (1 year)

P/E ratio for SK Hynix (000660.KS)

P/E ratio as of July 2024 (TTM): -16.1

According to SK Hynix's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -16.1493. 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
202223.0145.89%
20219.37-45.03%
202017.0-46.87%
201932.11078.87%
20182.72-46.45%
20175.08-52.44%
201610.7108.51%
20155.13-37.41%
20148.19-9.22%
20139.02-108.51%
2012-106-54.62%
2011-234-4466.65%
20105.35-119.08%
2009-28.0
200734.7

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.