P/E ratio for Westlake Chemical (WLK)

P/E ratio history for Westlake Chemical from 2004 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Dow DOW	24.1	76.38%	🇺🇸 USA
Huntsman Corporation HUN	42.0	207.45%	🇺🇸 USA
Eastman Chemical EMN	21.2	54.98%	🇺🇸 USA
Albemarle ALB	3.92	-71.30%	🇺🇸 USA
Celanese CE	6.34	-53.61%	🇺🇸 USA
Honeywell HON	28.2	106.58%	🇺🇸 USA
Olin OLN	9.36	-31.52%	🇺🇸 USA
Phillips 66 PSX	8.19	-40.08%	🇺🇸 USA
Exxon Mobil XOM	11.7	-14.42%	🇺🇸 USA

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.