P/E ratio for Aksa Energy (AKSEN.IS)
P/E ratio as of April 2024 (TTM): 6.65
According to Aksa Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.64923. At the end of 2022 the company had a P/E ratio of 12.6.
P/E ratio history for Aksa Energy from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.6 | 73.33% |
| 2021 | 7.29 | -25.05% |
| 2020 | 9.73 | 36.97% |
| 2019 | 7.10 | -88.65% |
| 2018 | 62.6 | 777.06% |
| 2017 | 7.13 | -210% |
| 2016 | -6.48 | -8.61% |
| 2015 | -7.09 | -115.57% |
| 2014 | 45.6 | -483.83% |
| 2013 | -11.9 | -198.51% |
| 2012 | 12.0 | -190.88% |
| 2011 | -13.3 |
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.