Nedbank
NED.JO
#2066
Rank
C$10.92 B
Marketcap
$23.39
Share price
-1.63%
Change (1 day)
42.36%
Change (1 year)

P/E ratio for Nedbank (NED.JO)

P/E ratio at the end of 2021: 6.91

According to Nedbank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.5329. At the end of 2021 the company had a P/E ratio of 6.91.

P/E ratio history for Nedbank from 2002 to 2021

PE ratio at the end of each year

Year P/E ratio Change
20216.91-55.05%
202015.4117.55%
20197.06-11.29%
20187.966.22%
20177.49-15.24%
20168.8418.89%
20157.44-4.32%
20147.7716.75%
20136.6619%
20125.6014.02%
20114.917.22%
20104.58-0.03%
20094.5840.45%
20083.26-9.45%
20073.60-23.76%
20064.7226.05%
20053.75-37.43%
20045.99-238.82%
2003-4.31-112.62%
200234.2

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.