Unipetrol - Price To Earnings

Thanks to the heavy losses seen in the last two years, the fundamental valuation of the company is difficult. When looking at the cash earnings ratio until 2010, the stock traded at around 10x multiple of its cash earnings. From nearly USD 3.4 bil of market capitalization seen at the end of 2007, Unipetrol's value dropped to USD 1.67 bil at the end of 2012