P/E ratio for Celesc (Centrais Elétricas de Santa Catarina) (CLSC4.SA)
P/E ratio as of May 2024 (TTM): 4.88
According to Celesc (Centrais Elétricas de Santa Catarina)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.88402. At the end of 2022 the company had a P/E ratio of 4.20.
P/E ratio history for Celesc (Centrais Elétricas de Santa Catarina) from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.20 | -13.32% |
| 2021 | 4.84 | 8.96% |
| 2020 | 4.45 | -38.55% |
| 2019 | 7.24 | -36.43% |
| 2018 | 11.4 | -36.77% |
| 2017 | 18.0 | -127.22% |
| 2016 | -66.1 | -2215.96% |
| 2015 | 3.13 | 163.25% |
| 2014 | 1.19 | -70.31% |
| 2013 | 4.00 | -196% |
| 2012 | -4.17 |
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.