P/E ratio for Wistron Corporation (3231.TW)
P/E ratio as of April 2024 (TTM): 27.2
According to Wistron Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.2218. At the end of 2022 the company had a P/E ratio of 7.33.
P/E ratio history for Wistron Corporation from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.33 | -5.43% |
| 2021 | 7.75 | -22.22% |
| 2020 | 9.97 | -15.62% |
| 2019 | 11.8 | 10% |
| 2018 | 10.7 | -34.21% |
| 2017 | 16.3 | -21.97% |
| 2016 | 20.9 | -38.53% |
| 2015 | 34.0 | 76.1% |
| 2014 | 19.3 | 88.98% |
| 2013 | 10.2 | 11.65% |
| 2012 | 9.16 | 4.07% |
| 2011 | 8.80 | -8.84% |
| 2010 | 9.65 |
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.