P/E ratio for Grifols (GRFS)
P/E ratio as of June 2024 (TTM): 10.3
According to Grifols's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.2851. At the end of 2020 the company had a P/E ratio of 17.6.
P/E ratio history for Grifols from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2020 | 17.6 | -23.07% |
| 2019 | 22.9 | 27.44% |
| 2018 | 17.9 | -12.49% |
| 2017 | 20.5 | 12.69% |
| 2016 | 18.2 | -4.33% |
| 2015 | 19.0 | -0.2% |
| 2014 | 19.1 | -28.67% |
| 2013 | 26.7 | 0.53% |
| 2012 | 26.6 | -34.07% |
| 2011 | 40.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Johnson & Johnson JNJ | 10.3 | 0.28% | 🇺🇸 USA |
 Amgen AMGN | 21.3 | 106.82% | 🇺🇸 USA |
 Baxter BAX | 6.53 | -36.52% | 🇺🇸 USA |
 Kimberly-Clark KMB | 24.8 | 141.52% | 🇺🇸 USA |
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.