P/E ratio for D/S Norden (Dampskibsselskabet Norden) (DNORD.CO)
P/E ratio as of May 2024 (TTM): 2.55
According to D/S Norden (Dampskibsselskabet Norden)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.54878. At the end of 2022 the company had a P/E ratio of 2.84.
P/E ratio history for D/S Norden (Dampskibsselskabet Norden) from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.84 | -38.92% |
| 2021 | 4.65 | -43.04% |
| 2020 | 8.16 | -75.51% |
| 2019 | 33.3 | 68.43% |
| 2018 | 19.8 | -35.75% |
| 2017 | 30.8 | -342.14% |
| 2016 | -12.7 | 400.46% |
| 2015 | -2.54 | 97.42% |
| 2014 | -1.29 | -99.59% |
| 2013 | -310 | 6964.57% |
| 2012 | -4.39 | -139.94% |
| 2011 | 11.0 | 80.5% |
| 2010 | 6.09 | 72.15% |
| 2009 | 3.54 |
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.