P/E ratio for Nine Entertainment Co. Holdings (NEC.AX)
P/E ratio at the end of 2024: 29.3
According to Nine Entertainment Co. Holdings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.5632. At the end of 2024 the company had a P/E ratio of 29.3.
P/E ratio history for Nine Entertainment Co. Holdings from 2014 to 2024
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2024 | 29.3 | 10.52% |
| 2023 | 26.5 | 64.18% |
| 2022 | 16.2 | -58.65% |
| 2021 | 39.1 | -797.25% |
| 2020 | -5.60 | -135.56% |
| 2019 | 15.8 | 12.92% |
| 2018 | 14.0 | -276.06% |
| 2017 | -7.93 | -308.64% |
| 2016 | 3.80 | -222.97% |
| 2015 | -3.09 | -109.19% |
| 2014 | 33.6 |
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.