P/E ratio for Alm. Brand (ALMB.CO)
P/E ratio as of April 2024 (TTM): 24.2
According to Alm. Brand's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.2132. At the end of 2022 the company had a P/E ratio of 37.5.
P/E ratio history for Alm. Brand from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 37.5 | 753.61% |
| 2021 | 4.39 | -94.08% |
| 2020 | 74.2 | -10.82% |
| 2019 | 83.2 | 42.49% |
| 2018 | 58.4 | -11.64% |
| 2017 | 66.1 | 50% |
| 2016 | 44.1 | -30.83% |
| 2015 | 63.7 | -4.51% |
| 2014 | 66.7 | -25.37% |
| 2013 | 89.4 | 215.24% |
| 2012 | 28.4 | -330.25% |
| 2011 | -12.3 | 557.91% |
| 2010 | -1.87 | -70.25% |
| 2009 | -6.29 |
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.