P/E ratio for Assa Abloy (ASAZF)
P/E ratio as of April 2024 (TTM): 24.0
According to Assa Abloy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.9726. At the end of 2022 the company had a P/E ratio of 18.7.
P/E ratio history for Assa Abloy from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 18.7 | -32.73% |
| 2021 | 27.8 | 0.8% |
| 2020 | 27.6 | 11.08% |
| 2019 | 24.8 | -59.99% |
| 2018 | 62.0 | 160.84% |
| 2017 | 23.8 | -8.67% |
| 2016 | 26.0 | 2.22% |
| 2015 | 25.5 | 17.48% |
| 2014 | 21.7 | -19.46% |
| 2013 | 26.9 | 224.95% |
| 2012 | 8.28 | -41.01% |
| 2011 | 14.0 | -6.4% |
| 2010 | 15.0 | -24.61% |
| 2009 | 19.9 |
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.