GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » AP Memory Technology Corp (TPE:6531) » Definitions » PE Ratio

AP Memory Technology (TPE:6531) PE Ratio : 30.09 (As of Oct. 31, 2024)


View and export this data going back to 2015. Start your Free Trial

What is AP Memory Technology PE Ratio?

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2024-10-31), AP Memory Technology's share price is NT$301.50. AP Memory Technology's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2024 was NT$10.02. Therefore, AP Memory Technology's PE Ratio for today is 30.09.

During the past 11 years, AP Memory Technology's highest PE Ratio was 341.44. The lowest was 9.16. And the median was 27.24.

AP Memory Technology's EPS (Diluted) for the three months ended in Sep. 2024 was NT$2.06. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Sep. 2024 was NT$10.02.

As of today (2024-10-31), AP Memory Technology's share price is NT$301.50. AP Memory Technology's EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2024 was NT$7.93. Therefore, AP Memory Technology's PE Ratio without NRI ratio for today is 38.03.

During the past 11 years, AP Memory Technology's highest PE Ratio without NRI was 207.36. The lowest was 3.51. And the median was 28.07.

AP Memory Technology's EPS without NRI for the three months ended in Sep. 2024 was NT$1.48. Its EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2024 was NT$7.93.

During the past 12 months, AP Memory Technology's average EPS without NRI Growth Rate was 2.40% per year. During the past 3 years, the average EPS without NRI Growth Rate was 36.20% per year.

During the past 11 years, AP Memory Technology's highest 3-Year average EPS without NRI Growth Rate was 155.60% per year. The lowest was -40.10% per year. And the median was 2.20% per year.

AP Memory Technology's EPS (Basic) for the three months ended in Sep. 2024 was NT$2.08. Its EPS (Basic) for the trailing twelve months (TTM) ended in Sep. 2024 was NT$8.92.

Back to Basics: PE Ratio


AP Memory Technology PE Ratio Historical Data

The historical data trend for AP Memory Technology's PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AP Memory Technology PE Ratio Chart

AP Memory Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only At Loss 39.25 37.10 13.80 52.99

AP Memory Technology Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 55.03 52.99 37.39 38.57 At Loss

Competitive Comparison of AP Memory Technology's PE Ratio

For the Semiconductors subindustry, AP Memory Technology's PE Ratio, along with its competitors' market caps and PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


AP Memory Technology's PE Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, AP Memory Technology's PE Ratio distribution charts can be found below:

* The bar in red indicates where AP Memory Technology's PE Ratio falls into.



AP Memory Technology PE Ratio Calculation

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

AP Memory Technology's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=301.50/10.020
=30.09

AP Memory Technology's Share Price of today is NT$301.50.
AP Memory Technology's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$10.02.


* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

It can also be calculated from the numbers for the whole company:


There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.


AP Memory Technology  (TPE:6531) PE Ratio Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.

PE Ratio can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio.


AP Memory Technology PE Ratio Related Terms

Thank you for viewing the detailed overview of AP Memory Technology's PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


AP Memory Technology Business Description

Traded in Other Exchanges
N/A
Address
No. 1, Taiyuan 1st Street, 10th Floor-1, Hsinchu County, Zhubei, TWN, 30288
AP Memory Technology Corp is a memory IC design company. The company is engaged in the research, development, production and sale of various integrated circuit (IC) products, and provides technical services related to the product design, research and development. Its products include PSRAM and IOT RAM, Low power DRAM, and applications include Internet of things, connectives and mobile. It has two segments: IOT Business Unit - Design, sales, and licensing of customized memory solutions AI Business Unit - Design, sales, and licensing of heterogeneous integrated chip solutions, out of which IOT derives maximum revenue.

AP Memory Technology Headlines

No Headlines