P/E ratio for Atea ASA (ATEA.OL)
P/E ratio as of May 2024 (TTM): 17.2
According to Atea ASA's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.2452. At the end of 2022 the company had a P/E ratio of 15.0.
P/E ratio history for Atea ASA from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.0 | -37.69% |
| 2021 | 24.0 | 6.39% |
| 2020 | 22.6 | -14.88% |
| 2019 | 26.5 | 3.62% |
| 2018 | 25.6 | 12.99% |
| 2017 | 22.6 | 38.45% |
| 2016 | 16.4 | -16.1% |
| 2015 | 19.5 | 4.57% |
| 2014 | 18.6 | 3.91% |
| 2013 | 17.9 | 49.11% |
| 2012 | 12.0 | 19.53% |
| 2011 | 10.1 | 69.2% |
| 2010 | 5.95 | -50.71% |
| 2009 | 12.1 |
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.