P/E ratio for Top Glove (BVA.SI)
P/E ratio as of March 2023 (TTM): 59.8
According to Top Glove's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 59.7668. At the end of 2022 the company had a P/E ratio of 29.7.
P/E ratio history for Top Glove from 2016 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 29.7 | 615.36% |
| 2021 | 4.15 | -89.9% |
| 2020 | 41.1 | 19.54% |
| 2019 | 34.4 | 2.4% |
| 2018 | 33.6 | 53.99% |
| 2017 | 21.8 | 37.72% |
| 2016 | 15.8 |
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.