P/E ratio for Axfood (AXFO.ST)
P/E ratio as of April 2024 (TTM): 27.9
According to Axfood's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.9295. At the end of 2022 the company had a P/E ratio of 25.9.
P/E ratio history for Axfood from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 25.9 | 1.55% |
| 2021 | 25.5 | 20.35% |
| 2020 | 21.2 | -20.58% |
| 2019 | 26.7 | 28.12% |
| 2018 | 20.8 | -8.75% |
| 2017 | 22.8 | 11.04% |
| 2016 | 20.6 | -22.53% |
| 2015 | 26.6 | 17.78% |
| 2014 | 22.5 | 30.25% |
| 2013 | 17.3 | 18.63% |
| 2012 | 14.6 | -3.06% |
| 2011 | 15.1 | -2.55% |
| 2010 | 15.4 | 10.62% |
| 2009 | 14.0 |
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.