P/E ratio for Arendals Fossekompani (AFK.OL)
P/E ratio as of April 2024 (TTM): 181
According to Arendals Fossekompani's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 181.19. At the end of 2022 the company had a P/E ratio of > 1000.
P/E ratio history for Arendals Fossekompani from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | > 1000 | 897.91% |
| 2021 | 228 | 128.78% |
| 2020 | 99.7 | -26.04% |
| 2019 | 135 | 119.06% |
| 2018 | 61.6 | 2566.46% |
| 2017 | 2.31 | -83.55% |
| 2016 | 14.0 | 44.8% |
| 2015 | 9.69 | -54.52% |
| 2014 | 21.3 | -65.79% |
| 2013 | 62.3 | 567.13% |
| 2012 | 9.34 | -35.34% |
| 2011 | 14.4 | -44.29% |
| 2010 | 25.9 |
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.