P/E ratio for GlobalWafers (6488.TWO)
P/E ratio as of June 2024 (TTM): 10.5
According to GlobalWafers's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.4968. At the end of 2022 the company had a P/E ratio of 12.1.
P/E ratio history for GlobalWafers from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.1 | -62.81% |
| 2021 | 32.6 | 38.49% |
| 2020 | 23.5 | 92.72% |
| 2019 | 12.2 | 39.39% |
| 2018 | 8.75 | -72.61% |
| 2017 | 32.0 | -29.42% |
| 2016 | 45.3 | 238.4% |
| 2015 | 13.4 | -2.97% |
| 2014 | 13.8 |
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.