P/E ratio for Vetropack (VETN.SW)
P/E ratio at the end of 2023: 12.9
According to Vetropack's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.421. At the end of 2023 the company had a P/E ratio of 12.9.
P/E ratio history for Vetropack from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 12.9 | -36.65% |
| 2022 | 20.4 | -0.47% |
| 2021 | 20.5 | 27.33% |
| 2020 | 16.1 | -20.39% |
| 2019 | 20.2 | 19.49% |
| 2018 | 16.9 | 6.31% |
| 2017 | 15.9 | -24.53% |
| 2016 | 21.1 | 16.01% |
| 2015 | 18.2 | 14.84% |
| 2014 | 15.9 | 11.17% |
| 2013 | 14.3 | 50.57% |
| 2012 | 9.47 | -27.04% |
| 2011 | 13.0 | -39.16% |
| 2010 | 21.3 | 87.82% |
| 2009 | 11.4 | 37.42% |
| 2008 | 8.27 | |
| 2005 | 7.12 | 10.72% |
| 2004 | 6.43 | 35.02% |
| 2003 | 4.76 | 5.81% |
| 2002 | 4.50 |
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.