P/E ratio for Edison (EDNR.MI)
P/E ratio as of April 2024 (TTM): 53.5
According to Edison's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 53.5276. At the end of 2022 the company had a P/E ratio of 42.7.
P/E ratio history for Edison from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 42.7 | 151.33% |
| 2021 | 17.0 | -94.06% |
| 2020 | 286 | -2350.57% |
| 2019 | -12.7 | -113.43% |
| 2018 | 94.6 | -438.65% |
| 2017 | -27.9 | 176.12% |
| 2016 | -10.1 | 165.61% |
| 2015 | -3.81 | -103.09% |
| 2014 | 123 | 120.17% |
| 2013 | 56.0 | -5.91% |
| 2012 | 59.5 | -1353.53% |
| 2011 | -4.75 | -101.52% |
| 2010 | 312 | 981.17% |
| 2009 | 28.9 |
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.