P/E ratio for Thai Oil (TOP.BK)
P/E ratio as of April 2024 (TTM): 24.1
According to Thai Oil's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.0563. At the end of 2022 the company had a P/E ratio of 3.59.
P/E ratio history for Thai Oil from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.59 | -55.26% |
| 2021 | 8.03 | -124.8% |
| 2020 | -32.4 | -243.08% |
| 2019 | 22.6 | 75.98% |
| 2018 | 12.9 | 50.95% |
| 2017 | 8.52 | 22.32% |
| 2016 | 6.97 | -37.16% |
| 2015 | 11.1 | -153.7% |
| 2014 | -20.7 | -274.24% |
| 2013 | 11.9 | 2.69% |
| 2012 | 11.5 | 18.61% |
| 2011 | 9.73 | -45.57% |
| 2010 | 17.9 | 146.42% |
| 2009 | 7.26 |
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.