Taiwan High Speed Rail
2633.TW
#2571
Rank
$5.21 B
Marketcap
$0.93
Share price
0.17%
Change (1 day)
-11.73%
Change (1 year)

P/E ratio for Taiwan High Speed Rail (2633.TW)

P/E ratio as of June 2024 (TTM): 24.0

According to Taiwan High Speed Rail's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.0052. 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
202242.9-7.22%
202146.351.74%
202030.512.72%
201927.070.13%
201815.9-35.74%
201724.7-0.51%
201624.91532.13%
20151.52

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.