P/E ratio for Bid Corp (BID.JO)
P/E ratio at the end of 2022: 19.1
According to Bid Corp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 25.2569. At the end of 2022 the company had a P/E ratio of 19.1.
P/E ratio history for Bid Corp from 2016 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 19.1 | -27.38% |
| 2021 | 26.3 | -67.08% |
| 2020 | 79.9 | 323.41% |
| 2019 | 18.9 | -2.3% |
| 2018 | 19.3 | 12.45% |
| 2017 | 17.2 | 216.89% |
| 2016 | 5.42 |
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.