Detection Technology
DETEC.HE
#7952
Rank
HK$1.70 B
Marketcap
HK$116.40
Share price
5.51%
Change (1 day)
8.48%
Change (1 year)

P/E ratio for Detection Technology (DETEC.HE)

P/E ratio as of December 2024 (TTM): 34.3

According to Detection Technology's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 34.2607. At the end of 2023 the company had a P/E ratio of 36.2.

P/E ratio history for Detection Technology from 2015 to 2024

PE ratio at the end of each year

Year P/E ratio Change
202336.2-25.06%
202248.35.47%
202145.8-9.97%
202050.972.81%
201929.478.28%
201816.50.06%
201716.5-4.43%
201617.3-75.34%
201570.0

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.