P/E ratio for Covivio Hotels (COVH.PA)
P/E ratio at the end of 2021: 42.2
According to Covivio Hotels 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 41.1684. At the end of 2021 the company had a P/E ratio of 42.2.
P/E ratio history for Covivio Hotels from 2004 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 42.2 | -871.78% |
| 2020 | -5.47 | -162.76% |
| 2019 | 8.71 | -27.58% |
| 2018 | 12.0 | 43.33% |
| 2017 | 8.39 | -14.34% |
| 2016 | 9.80 | 10.43% |
| 2015 | 8.87 | -21.47% |
| 2014 | 11.3 | 110.14% |
| 2013 | 5.38 | -34.87% |
| 2012 | 8.25 | 215.14% |
| 2011 | 2.62 | 83.18% |
| 2010 | 1.43 | -142.41% |
| 2009 | -3.37 | 1.08% |
| 2008 | -3.34 | -212.37% |
| 2007 | 2.97 | 183.87% |
| 2006 | 1.05 | |
| 2004 | 14.5 |
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.