P/E ratio for Cellcom Israel (CEL.TA)
P/E ratio as of June 2024 (TTM): 16.7
According to Cellcom Israel's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.7294. At the end of 2022 the company had a P/E ratio of 18.4.
P/E ratio history for Cellcom Israel from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 18.4 | -83.27% |
| 2021 | 110 | -814.45% |
| 2020 | -15.4 | 24.22% |
| 2019 | -12.4 | -67.74% |
| 2018 | -38.5 | -216.48% |
| 2017 | 33.1 | 56.27% |
| 2016 | 21.2 | -17.3% |
| 2015 | 25.6 | 187.14% |
| 2014 | 8.91 | -47.46% |
| 2013 | 17.0 | 189.04% |
| 2012 | 5.87 | -18.59% |
| 2011 | 7.21 | -21.59% |
| 2010 | 9.19 | -12.49% |
| 2009 | 10.5 | 35.97% |
| 2008 | 7.72 | -46.81% |
| 2007 | 14.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Pintec Technology PT | -0.0604 | -100.36% | 🇨🇳 China |
 Partner Communications PTNR.TA | -27.9 | -266.93% | 🇮🇱 Israel |
 Ericsson ERIC | -9.40 | -156.22% | 🇸🇪 Sweden |
 Turkcell TKC | 18.1 | 8.26% | 🇹🇷 Turkey |
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.