P/E ratio for Techstep ASA (TECH.OL)
P/E ratio as of April 2025 (TTM): -7.44
According to Techstep ASA's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -7.44159. At the end of 2023 the company had a P/E ratio of -6.29.
P/E ratio history for Techstep ASA from 2010 to 2024
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | -6.29 | 65.09% |
| 2022 | -3.81 | -42.62% |
| 2021 | -6.64 | -80.67% |
| 2020 | -34.3 | 305.11% |
| 2019 | -8.48 | -133.39% |
| 2018 | 25.4 | -365.21% |
| 2017 | -9.57 | 0.51% |
| 2016 | -9.52 | 127.95% |
| 2015 | -4.18 | -77.07% |
| 2014 | -18.2 | -21.53% |
| 2013 | -23.2 | 1309.92% |
| 2012 | -1.65 | 5.17% |
| 2011 | -1.57 | 13.03% |
| 2010 | -1.39 | -66.33% |
| 2009 | -4.12 | 1004.82% |
| 2008 | -0.3725 | |
| 2006 | -13.7 | 34.56% |
| 2005 | -10.1 | 4.37% |
| 2004 | -9.72 |
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.