P/E ratio for True Corporation (TRUE.BK)
P/E ratio as of May 2024 (TTM): -15.1
According to True Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -15.1267. At the end of 2022 the company had a P/E ratio of -8.80.
P/E ratio history for True Corporation from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -8.80 | -90.79% |
| 2021 | -95.6 | -177.81% |
| 2020 | 123 | 380.75% |
| 2019 | 25.6 | 1.72% |
| 2018 | 25.1 | -91.9% |
| 2017 | 310 | -406.95% |
| 2016 | -101 | -374.67% |
| 2015 | 36.8 | -76.08% |
| 2014 | 154 | -1633.9% |
| 2013 | -10.0 | 7.04% |
| 2012 | -9.36 | -164.07% |
| 2011 | 14.6 | -41.08% |
| 2010 | 24.8 | 99.85% |
| 2009 | 12.4 |
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.