PE ratio is the Price per Earnings Ratio obtained by dividing the Current price of stock by the earnings per share (total revenue less the overhead divided by the number of shares).
The smaller the number of the PE ratio, the better. This means for every peso you invest, you get a higher earnings,thus the faster you can recover your capital. If a stock has a PE ratio of 5,this tells you that you can recover your capital from the earnings in 5 years. PE ratio of 50 means 50years.
For Value investors this number is very important. For me this tells much on the valuation of a stock based on the revenues.
Here is the table for your reference:
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