P/E ratio for Bakkafrost (BAKKA.OL)
P/E ratio as of April 2024 (TTM): 56.9
According to Bakkafrost 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 56.9158. At the end of 2022 the company had a P/E ratio of 18.5.
P/E ratio history for Bakkafrost from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 18.5 | -19.99% |
| 2021 | 23.1 | -50.37% |
| 2020 | 46.6 | 69.52% |
| 2019 | 27.5 | 95.54% |
| 2018 | 14.0 | -30.37% |
| 2017 | 20.2 | 133.38% |
| 2016 | 8.64 | -17.93% |
| 2015 | 10.5 | 39.23% |
| 2014 | 7.56 | 80.84% |
| 2013 | 4.18 | -28.53% |
| 2012 | 5.85 | 88.56% |
| 2011 | 3.10 | -38.47% |
| 2010 | 5.04 |
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.