P/E ratio for Taiwan High Speed Rail (2633.TW)
P/E ratio as of April 2024 (TTM): 23.9
According to Taiwan High Speed Rail's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.8508. At the end of 2022 the company had a P/E ratio of 42.9.
P/E ratio history for Taiwan High Speed Rail from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 42.9 | -7.22% |
| 2021 | 46.3 | 51.74% |
| 2020 | 30.5 | 12.72% |
| 2019 | 27.0 | 70.13% |
| 2018 | 15.9 | -35.74% |
| 2017 | 24.7 | -0.51% |
| 2016 | 24.9 | 1532.13% |
| 2015 | 1.52 |
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.