P/E ratio for Wan Hai Lines (2615.TW)
P/E ratio as of April 2024 (TTM): 6.59
According to Wan Hai Lines's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.59137. At the end of 2022 the company had a P/E ratio of 2.41.
P/E ratio history for Wan Hai Lines from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.41 | -49.7% |
| 2021 | 4.80 | -53.6% |
| 2020 | 10.3 | -10.5% |
| 2019 | 11.6 | -63.8% |
| 2018 | 31.9 | 92.46% |
| 2017 | 16.6 | -49.1% |
| 2016 | 32.6 | 217.96% |
| 2015 | 10.3 | -12.07% |
| 2014 | 11.7 | -27.79% |
| 2013 | 16.1 | -20.23% |
| 2012 | 20.2 | -98.62% |
| 2011 | > 1000 | 14653.06% |
| 2010 | 9.93 |
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.