P/E ratio for Lechwerke (LEC.F)
P/E ratio at the end of 2021: 43.5
According to Lechwerke's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.4532. At the end of 2021 the company had a P/E ratio of 43.5.
P/E ratio history for Lechwerke from 2008 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 43.5 | 61.77% |
| 2020 | 26.9 | 9.23% |
| 2019 | 24.6 | -36.57% |
| 2018 | 38.8 | 49.94% |
| 2017 | 25.9 | -7.27% |
| 2016 | 27.9 | 4.47% |
| 2015 | 26.7 | 0.41% |
| 2014 | 26.6 | 63.95% |
| 2013 | 16.2 | 16.4% |
| 2012 | 13.9 | -6.07% |
| 2011 | 14.8 | 25.2% |
| 2010 | 11.9 | -31.05% |
| 2009 | 17.2 | 22.39% |
| 2008 | 14.0 |
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.