P/E ratio for Unicaja Banco (UNI.MC)
P/E ratio as of May 2024 (TTM): 12.4
According to Unicaja Banco's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.4196. At the end of 2022 the company had a P/E ratio of 10.2.
P/E ratio history for Unicaja Banco from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.2 | -37.18% |
| 2021 | 16.2 | -8.04% |
| 2020 | 17.6 | 87.52% |
| 2019 | 9.41 | -25.16% |
| 2018 | 12.6 | -29.73% |
| 2017 | 17.9 |
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.