According to Nel ASA's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.99439. At the end of 2022 the company had a P/E ratio of -18.2.
Year | P/E ratio | Change |
---|---|---|
2022 | -18.2 | 37.84% |
2021 | -13.2 | -141.9% |
2020 | 31.6 | -181.83% |
2019 | -38.6 | 39.94% |
2018 | -27.6 | -47.12% |
2017 | -52.1 | 111.04% |
2016 | -24.7 | -78.72% |
2015 | -116 | 4814.66% |
2014 | -2.36 | 2108.61% |
2013 | -0.1069 | -68.48% |
2012 | -0.3392 | -85.43% |
2011 | -2.33 | 179.87% |
2010 | -0.8319 |
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.