P/E ratio for Taiwan Business Bank (2834.TW)
P/E ratio as of April 2024 (TTM): 10.4
According to Taiwan Business Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.4125. At the end of 2022 the company had a P/E ratio of 10.5.
P/E ratio history for Taiwan Business Bank from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.5 | -32.93% |
| 2021 | 15.7 | 0.06% |
| 2020 | 15.7 | 20.12% |
| 2019 | 13.1 | 47.85% |
| 2018 | 8.84 | -15.3% |
| 2017 | 10.4 | 9.74% |
| 2016 | 9.51 | 2.95% |
| 2015 | 9.23 | -1.77% |
| 2014 | 9.40 | -28.93% |
| 2013 | 13.2 | 16.48% |
| 2012 | 11.4 | -10.57% |
| 2011 | 12.7 | -49.93% |
| 2010 | 25.4 |
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.