P/E ratio for Wayi International Digital Entertainment (3086.TWO)
P/E ratio as of April 2024 (TTM): 103
According to Wayi International Digital Entertainment's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 103.153. At the end of 2022 the company had a P/E ratio of 51.1.
P/E ratio history for Wayi International Digital Entertainment from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 51.1 | 105.54% |
| 2021 | 24.9 | -96.31% |
| 2020 | 675 | -2138.21% |
| 2019 | -33.1 | 85.73% |
| 2018 | -17.8 | 176.57% |
| 2017 | -6.45 | 187.01% |
| 2016 | -2.25 | -62.18% |
| 2015 | -5.94 | 33.65% |
| 2014 | -4.44 | -50.1% |
| 2013 | -8.91 | -106.8% |
| 2012 | 131 | 732.69% |
| 2011 | 15.7 | -14.95% |
| 2010 | 18.5 |
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.