P/E ratio for Woori Financial Group (WF)
P/E ratio as of May 2024 (TTM): 3.69
According to Woori Financial Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.69342. At the end of 2022 the company had a P/E ratio of 2.81.
P/E ratio history for Woori Financial Group from 2018 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.81 | -22.35% |
| 2021 | 3.62 | -41.54% |
| 2020 | 6.19 | 44.31% |
| 2019 | 4.29 | -19.78% |
| 2018 | 5.35 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 HDFC Bank HDB | 18.8 | 409.73% | 🇮🇳 India |
 Shinhan Financial Group
SHG | 5.92 | 60.26% | 🇰🇷 S. Korea |
 KB Financial Group KB | 7.41 | 100.51% | 🇰🇷 S. Korea |
 ICICI Bank IBN | 19.3 | 422.23% | 🇮🇳 India |
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.