P/E ratio for Banco Latinoamericano de Comercio Exterior (BLX)
P/E ratio as of June 2023 (TTM): 6.35
According to Banco Latinoamericano de Comercio Exterior's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.35494. At the end of 2021 the company had a P/E ratio of 10.2.
P/E ratio history for Banco Latinoamericano de Comercio Exterior from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 10.2 | 3.58% |
| 2020 | 9.83 | 0.25% |
| 2019 | 9.81 | -84.13% |
| 2018 | 61.8 | 377.75% |
| 2017 | 12.9 | -2.04% |
| 2016 | 13.2 | 38.48% |
| 2015 | 9.53 | -13.22% |
| 2014 | 11.0 | -13.36% |
| 2013 | 12.7 | 44.08% |
| 2012 | 8.80 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Banco Macro
BMA | 4.00 | -37.11% | 🇦🇷 Argentina |
 Galicia Financial Group GGAL | 7.04 | 10.85% | 🇦🇷 Argentina |
 Itaú Unibanco
ITUB | 10.2 | 59.87% | 🇧🇷 Brazil |
 Credicorp BAP | 8.73 | 37.41% | 🇧🇲 Bermuda |
 Bancolombia
CIB | 4.29 | -32.46% | 🇨🇴 Colombia |
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.