P/E ratio for Betsson AB (BETS-B.ST)
P/E ratio as of May 2024 (TTM): 8.39
According to Betsson AB's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.38819. At the end of 2021 the company had a P/E ratio of 70.1.
P/E ratio history for Betsson AB from 2010 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 70.1 | -31.03% |
| 2020 | 102 | 26.35% |
| 2019 | 80.4 | -18.87% |
| 2018 | 99.1 | -5.27% |
| 2017 | 105 | -21.22% |
| 2016 | 133 | -44.1% |
| 2015 | 238 | 54.49% |
| 2014 | 154 | 10.44% |
| 2013 | 139 | 4.93% |
| 2012 | 133 | 28.84% |
| 2011 | 103 | -8.73% |
| 2010 | 113 | -22.48% |
| 2009 | 146 | 32.08% |
| 2008 | 110 | -27.1% |
| 2007 | 151 | -36.91% |
| 2006 | 240 | 45.71% |
| 2005 | 164 | -89.2% |
| 2004 | > 1000 | -73.15% |
| 2003 | > 1000 | 185.78% |
| 2002 | > 1000 | -2384.82% |
| 2001 | -86.8 |
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.