Tofaş Türk Otomobil Fabrikası
TOASO.IS
#2898
Rank
$4.25 B
Marketcap
$8.51
Share price
1.01%
Change (1 day)
-13.87%
Change (1 year)

P/E ratio for Tofaş Türk Otomobil Fabrikası (TOASO.IS)

P/E ratio as of March 2024 (TTM): 6.86

According to Tofaş Türk Otomobil Fabrikası's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.85811. At the end of 2022 the company had a P/E ratio of 9.68.

P/E ratio history for Tofaş Türk Otomobil Fabrikası from 2009 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20229.68-16.25%
202111.622.5%
20209.433.7%
20199.1043.28%
20186.35-50.77%
201712.91.55%
201612.711.26%
201511.4-17.69%
201413.9-9.95%
201315.429.7%
201211.984.2%
20116.45-36.83%
201010.257.83%
20096.47

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.