P/E ratio for Taiwan Cement (1101.TW)
P/E ratio as of April 2024 (TTM): 24.9
According to Taiwan Cement 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.9042. At the end of 2022 the company had a P/E ratio of 45.5.
P/E ratio history for Taiwan Cement from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 45.5 | 201.72% |
| 2021 | 15.1 | 50.36% |
| 2020 | 10.0 | 1.46% |
| 2019 | 9.88 | 21.19% |
| 2018 | 8.15 | -56.44% |
| 2017 | 18.7 | -8.44% |
| 2016 | 20.4 | 17.53% |
| 2015 | 17.4 | 17.39% |
| 2014 | 14.8 | -13.21% |
| 2013 | 17.1 | -7.67% |
| 2012 | 18.5 | 23.05% |
| 2011 | 15.0 | 11.29% |
| 2010 | 13.5 |
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.