P/E ratio for Beijer Ref (BEIJ-B.ST)
P/E ratio as of April 2024 (TTM): 42.9
According to Beijer Ref's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 42.8531. At the end of 2022 the company had a P/E ratio of 49.1.
P/E ratio history for Beijer Ref from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 49.1 | -41.65% |
| 2021 | 84.1 | 16.61% |
| 2020 | 72.1 | 63.89% |
| 2019 | 44.0 | 63.61% |
| 2018 | 26.9 | -5.98% |
| 2017 | 28.6 | 11.13% |
| 2016 | 25.7 | -9.49% |
| 2015 | 28.4 | 52.15% |
| 2014 | 18.7 | -32.52% |
| 2013 | 27.7 | 59.03% |
| 2012 | 17.4 | 24.01% |
| 2011 | 14.0 | -12.32% |
| 2010 | 16.0 | -18.84% |
| 2009 | 19.7 |
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.