P/E ratio for Basic-Fit (BFIT.AS)
P/E ratio as of May 2024 (TTM): -29.5
According to Basic-Fit's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -29.5393. At the end of 2021 the company had a P/E ratio of -17.6.
P/E ratio history for Basic-Fit from 2016 to 2016
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -17.6 | 25.6% |
| 2020 | -14.0 | -108.32% |
| 2019 | 169 | 12.94% |
| 2018 | 149 | 48.59% |
| 2017 | 101 | -564.17% |
| 2016 | -21.7 |
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.