Pareto Bank
PARB.OL
#6738
Rank
C$0.65 B
Marketcap
$8.48
Share price
-1.18%
Change (1 day)
34.64%
Change (1 year)

P/E ratio for Pareto Bank (PARB.OL)

P/E ratio as of November 2024 (TTM): 8.00

According to Pareto Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.99779. At the end of 2023 the company had a P/E ratio of 7.30.

P/E ratio history for Pareto Bank from 2016 to 2024

PE ratio at the end of each year

Year P/E ratio Change
20237.3017.68%
20226.21-26.05%
20218.3927.91%
20206.56-5.33%
20196.9310.74%
20186.26-16.35%
20177.48-19.89%
20169.34

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.