P/E ratio for Taiwan Cooperative Financial (5880.TW)
P/E ratio as of May 2024 (TTM): 18.3
According to Taiwan Cooperative Financial's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.2909. At the end of 2022 the company had a P/E ratio of 19.0.
P/E ratio history for Taiwan Cooperative Financial from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 19.0 | 6.64% |
| 2021 | 17.8 | 3.42% |
| 2020 | 17.2 | 3.37% |
| 2019 | 16.6 | 11.41% |
| 2018 | 14.9 | 0.81% |
| 2017 | 14.8 | 16.2% |
| 2016 | 12.7 | 6.09% |
| 2015 | 12.0 | -20.01% |
| 2014 | 15.0 | -13.01% |
| 2013 | 17.3 | 3.22% |
| 2012 | 16.7 | -96.52% |
| 2011 | 480 |
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.