P/E ratio for NIOX Group (NIOX.L)
P/E ratio at the end of 2024: 77.9
According to NIOX Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8455.72. At the end of 2024 the company had a P/E ratio of 77.9.
P/E ratio history for NIOX Group from 2014 to 2024
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2024 | 77.9 | 180.13% |
| 2023 | 27.8 | 162.49% |
| 2022 | 10.6 | -74.38% |
| 2021 | 41.4 | -1424.83% |
| 2020 | -3.12 | 111.61% |
| 2019 | -1.48 | -8.49% |
| 2018 | -1.61 | -51.83% |
| 2017 | -3.35 | 56.4% |
| 2016 | -2.14 | -84.78% |
| 2015 | -14.1 | 22.61% |
| 2014 | -11.5 |
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.