P/E ratio for Neste (NESTE.HE)
P/E ratio as of May 2024 (TTM): 9.94
According to Neste's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.9368. At the end of 2022 the company had a P/E ratio of 17.5.
P/E ratio history for Neste from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.5 | -6.83% |
| 2021 | 18.8 | -70.49% |
| 2020 | 63.6 | 377.81% |
| 2019 | 13.3 | -42.3% |
| 2018 | 23.1 | 53.97% |
| 2017 | 15.0 | 50.68% |
| 2016 | 9.95 | -21.53% |
| 2015 | 12.7 | -86.1% |
| 2014 | 91.2 | 1191.12% |
| 2013 | 7.06 | -55.91% |
| 2012 | 16.0 | 27.23% |
| 2011 | 12.6 | -7.3% |
| 2010 | 13.6 | -4.88% |
| 2009 | 14.3 |
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.