P/E ratio for Tunas Ridean (TURI.JK)
P/E ratio as of April 2024 (TTM): 14.0
According to Tunas Ridean's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.0257. At the end of 2021 the company had a P/E ratio of 13.4.
P/E ratio history for Tunas Ridean from 2013 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 13.4 | -91.75% |
| 2020 | 163 | 1777.78% |
| 2019 | 8.65 | -27.28% |
| 2018 | 11.9 | -10.49% |
| 2017 | 13.3 | 1.24% |
| 2016 | 13.1 | 13.8% |
| 2015 | 11.5 | -14.18% |
| 2014 | 13.4 | 39.52% |
| 2013 | 9.64 | -20.58% |
| 2012 | 12.1 | 17.29% |
| 2011 | 10.3 | -14.39% |
| 2010 | 12.1 | 54.17% |
| 2009 | 7.84 | 83.93% |
| 2008 | 4.26 |
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.