P/E ratio for Danske Bank (DANS.VI)
P/E ratio as of May 2024 (TTM): 8.51
According to Danske Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.50858. At the end of 2022 the company had a P/E ratio of -31.1.
P/E ratio history for Danske Bank from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -31.1 | -513.05% |
| 2021 | 7.52 | -66.11% |
| 2020 | 22.2 | 244.5% |
| 2019 | 6.45 | -14.95% |
| 2018 | 7.58 | 131.14% |
| 2017 | 3.28 | -0.42% |
| 2016 | 3.29 | -39.47% |
| 2015 | 5.44 | -62.59% |
| 2014 | 14.5 | 42.28% |
| 2013 | 10.2 | -29.71% |
| 2012 | 14.5 | -53.54% |
| 2011 | 31.3 | 121.77% |
| 2010 | 14.1 | -55.6% |
| 2009 | 31.8 |
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.