Arnarlax (Icelandic Salmon)
ISLAX.OL
#7401
Rank
C$0.47 B
Marketcap
$15.37
Share price
0.83%
Change (1 day)
-14.31%
Change (1 year)
Categories

P/E ratio for Arnarlax (Icelandic Salmon) (ISLAX.OL)

P/E ratio at the end of 2021: 146

According to Arnarlax (Icelandic Salmon)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 118.1. At the end of 2021 the company had a P/E ratio of 146.

P/E ratio history for Arnarlax (Icelandic Salmon) from 2020 to 2021

PE ratio at the end of each year

Year P/E ratio Change
2021146-209.2%
2020-134

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.