P/E ratio for Tower Semiconductor (TSEM)
P/E ratio as of April 2024 (TTM): 12.9
According to Tower Semiconductor's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.868. At the end of 2022 the company had a P/E ratio of 17.9.
P/E ratio history for Tower Semiconductor from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.9 | -37.47% |
| 2021 | 28.5 | -14.87% |
| 2020 | 33.5 | 18.46% |
| 2019 | 28.3 | 161.17% |
| 2018 | 10.8 | -2.68% |
| 2017 | 11.1 | 36.95% |
| 2016 | 8.13 | -134.13% |
| 2015 | -23.8 | -125.2% |
| 2014 | 94.6 | -4681.84% |
| 2013 | -2.06 | -17.33% |
| 2012 | -2.50 | -70.75% |
| 2011 | -8.53 | 19.5% |
| 2010 | -7.14 | 408.76% |
| 2009 | -1.40 | 681.94% |
| 2008 | -0.1795 | -85.47% |
| 2007 | -1.24 | 51.16% |
| 2006 | -0.8171 | 69.94% |
| 2005 | -0.4808 | -62.83% |
| 2004 | -1.29 | -61.48% |
| 2003 | -3.36 | 67.82% |
| 2002 | -2.00 | -40.7% |
| 2001 | -3.37 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 TSMC TSM | 21.9 | 69.91% | 🇹🇼 Taiwan |
 IBM IBM | 22.2 | 72.26% | 🇺🇸 USA |
 Texas Instruments TXN | 22.4 | 73.99% | 🇺🇸 USA |
 Micron Technology MU | -20.9 | -262.38% | 🇺🇸 USA |
 Quicklogic QUIK | -28.5 | -321.82% | 🇺🇸 USA |
 United Microelectronics UMC | 8.40 | -34.69% | 🇹🇼 Taiwan |
 Teledyne TDY | 22.4 | 74.38% | 🇺🇸 USA |
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.