P/E ratio for HeidelbergCement (HEI.DE)
P/E ratio as of May 2024 (TTM): 11.8
According to HeidelbergCement's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.7874. At the end of 2018 the company had a P/E ratio of 9.23.
P/E ratio history for HeidelbergCement from 2009 to 2019
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2018 | 9.23 | -52.73% |
| 2017 | 19.5 | -25.06% |
| 2016 | 26.1 | 46.51% |
| 2015 | 17.8 | -21.64% |
| 2014 | 22.7 | 61.81% |
| 2013 | 14.0 | -55.15% |
| 2012 | 31.3 | 77.49% |
| 2011 | 17.6 | -31.21% |
| 2010 | 25.6 | -84.06% |
| 2009 | 161 |
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.