P/E ratio for Westports (5246.KL)
P/E ratio as of April 2024 (TTM): 16.7
According to Westports's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.7421. At the end of 2022 the company had a P/E ratio of 18.5.
P/E ratio history for Westports from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 18.5 | 8.47% |
| 2021 | 17.1 | -23.77% |
| 2020 | 22.4 | -7.76% |
| 2019 | 24.3 | 4.89% |
| 2018 | 23.2 | 19.56% |
| 2017 | 19.4 | -15.8% |
| 2016 | 23.0 | -17.35% |
| 2015 | 27.8 | 24.44% |
| 2014 | 22.4 | 12.87% |
| 2013 | 19.8 |
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.