P/E ratio for Yang Ming (2609.TW)
P/E ratio as of April 2024 (TTM): 2.18
According to Yang Ming's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.18251. At the end of 2022 the company had a P/E ratio of 1.27.
P/E ratio history for Yang Ming from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 1.27 | -49.22% |
| 2021 | 2.49 | -61.54% |
| 2020 | 6.49 | -249.32% |
| 2019 | -4.34 | 24.73% |
| 2018 | -3.48 | -104.24% |
| 2017 | 82.1 | -9551.73% |
| 2016 | -0.8691 | -52.06% |
| 2015 | -1.81 | -101.08% |
| 2014 | 169 | -1187.1% |
| 2013 | -15.5 | -26.61% |
| 2012 | -21.1 | 481.22% |
| 2011 | -3.63 | -159.14% |
| 2010 | 6.14 |
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.