P/E ratio for Westlake Chemical (WLK)
P/E ratio as of September 2023 (TTM): 11.7
According to Westlake Chemical 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.7362. At the end of 2021 the company had a P/E ratio of 6.20.
P/E ratio history for Westlake Chemical from 2005 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 6.20 | -80.54% |
| 2020 | 31.9 | 48.13% |
| 2019 | 21.5 | 148.78% |
| 2018 | 8.65 | -18.4% |
| 2017 | 10.6 | -42.07% |
| 2016 | 18.3 | 64.72% |
| 2015 | 11.1 | -7.45% |
| 2014 | 12.0 | -10.23% |
| 2013 | 13.4 | -2.55% |
| 2012 | 13.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Albemarle ALB | 5.03 | -57.14% | 🇺🇸 USA |
 Celanese CE | 10.6 | -9.77% | 🇺🇸 USA |
 Dow DOW | 20.6 | 75.48% | 🇺🇸 USA |
 Eastman Chemical
EMN | 12.8 | 9.43% | 🇺🇸 USA |
 Phillips 66 PSX | 5.13 | -56.30% | 🇺🇸 USA |
 Exxon Mobil XOM | 9.20 | -21.65% | 🇺🇸 USA |
 Honeywell HON | 23.3 | 98.41% | 🇺🇸 USA |
 Olin OLN | 7.73 | -34.10% | 🇺🇸 USA |
 Huntsman Corporation
HUN | 24.7 | 110.41% | 🇺🇸 USA |
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.