P/E ratio for Turkish Airlines (THYAO.IS)
P/E ratio as of June 2023 (TTM): 73.7
According to Turkish Airlines's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 73.6869. At the end of 2018 the company had a P/E ratio of 29.1.
P/E ratio history for Turkish Airlines from 2010 to 2019
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2018 | 29.1 | -77.55% |
| 2017 | 130 | -121.99% |
| 2016 | -589 | -6024.21% |
| 2015 | 9.94 | -41.24% |
| 2014 | 16.9 | -38.6% |
| 2013 | 27.6 | 130.96% |
| 2012 | 11.9 | -94.06% |
| 2011 | 201 | 587.77% |
| 2010 | 29.2 | 122.95% |
| 2009 | 13.1 | 877.29% |
| 2008 | 1.34 | -77.23% |
| 2007 | 5.88 | -27.48% |
| 2006 | 8.11 | -62.3% |
| 2005 | 21.5 | |
| 2003 | 0.0082 | 111.61% |
| 2002 | 0.0039 |
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.