P/E ratio for Tofaş Türk Otomobil Fabrikası (TOASO.IS)
P/E ratio as of September 2023 (TTM): 8.70
According to Tofaş Türk Otomobil Fabrikası's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.70265. At the end of 2021 the company had a P/E ratio of 11.8.
P/E ratio history for Tofaş Türk Otomobil Fabrikası from 2010 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 11.8 | 25.3% |
| 2020 | 9.43 | 5.24% |
| 2019 | 8.96 | 41.1% |
| 2018 | 6.35 | -50.58% |
| 2017 | 12.8 | 1.16% |
| 2016 | 12.7 | 8.62% |
| 2015 | 11.7 | -14.89% |
| 2014 | 13.7 | -12.11% |
| 2013 | 15.6 | 34.63% |
| 2012 | 11.6 | 82.02% |
| 2011 | 6.38 | -39.36% |
| 2010 | 10.5 | 62.69% |
| 2009 | 6.47 | 102.93% |
| 2008 | 3.19 | -82.44% |
| 2007 | 18.1 | -40.76% |
| 2006 | 30.6 | 221.24% |
| 2005 | 9.53 | |
| 2003 | 210 | 999.22% |
| 2002 | 19.1 |
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.