P/E ratio for Tower Semiconductor (TSEM)
P/E ratio as of June 2023 (TTM): 16.1
According to Tower Semiconductor's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.1467. At the end of 2021 the company had a P/E ratio of 28.5.
P/E ratio history for Tower Semiconductor from 2020 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 28.5 | -14.87% |
| 2020 | 33.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 TSMC TSM | 15.9 | -1.82% | 🇹🇼 Taiwan |
 IBM IBM | 67.3 | 316.89% | 🇺🇸 USA |
 Texas Instruments TXN | 18.8 | 16.71% | 🇺🇸 USA |
 Micron Technology MU | 46.1 | 185.24% | 🇺🇸 USA |
 Quicklogic QUIK | -22.5 | -239.17% | 🇺🇸 USA |
 United Microelectronics UMC | 7.17 | -55.58% | 🇹🇼 Taiwan |
 Teledyne TDY | 24.3 | 50.61% | 🇺🇸 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.