P/E ratio for SK Hynix (000660.KS)
P/E ratio as of June 2023 (TTM): 7.70
According to SK Hynix's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.70317. At the end of 2021 the company had a P/E ratio of 9.36.
P/E ratio history for SK Hynix from 2008 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 9.36 | -45.06% |
| 2020 | 17.0 | -46.69% |
| 2019 | 32.0 | 1074.23% |
| 2018 | 2.72 | -46.42% |
| 2017 | 5.08 | -52.43% |
| 2016 | 10.7 | 108.53% |
| 2015 | 5.12 | -37.32% |
| 2014 | 8.17 | -10.16% |
| 2013 | 9.10 | -107.97% |
| 2012 | -114 | -50.07% |
| 2011 | -229 | -4373.77% |
| 2010 | 5.35 | -114.33% |
| 2009 | -37.3 | 5625.08% |
| 2008 | -0.6522 | -101.98% |
| 2007 | 33.0 |
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.