P/E ratio for DNO ASA (DNO.OL)
P/E ratio as of May 2024 (TTM): 3.89
According to DNO ASA's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.88835. At the end of 2022 the company had a P/E ratio of 3.17.
P/E ratio history for DNO ASA from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.17 | -44.93% |
| 2021 | 5.75 | -314.31% |
| 2020 | -2.68 | -114.31% |
| 2019 | 18.7 | 327.29% |
| 2018 | 4.39 | 78.1% |
| 2017 | 2.46 | -108.22% |
| 2016 | -30.0 | 773.4% |
| 2015 | -3.43 | -63.21% |
| 2014 | -9.32 | -109.35% |
| 2013 | 99.7 | 966.94% |
| 2012 | 9.34 | -10.01% |
| 2011 | 10.4 | -132.82% |
| 2010 | -31.6 | 30.61% |
| 2009 | -24.2 |
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.