P/E ratio for Electra (ELTR.TA)
P/E ratio as of April 2024 (TTM): 21.0
According to Electra 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.9975. At the end of 2022 the company had a P/E ratio of 22.8.
P/E ratio history for Electra from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 22.8 | -47.68% |
| 2021 | 43.5 | -6.67% |
| 2020 | 46.6 | |
| 2018 | 19.2 | -2.84% |
| 2017 | 19.8 | -59.67% |
| 2016 | 49.0 | 23.52% |
| 2015 | 39.7 | 237.43% |
| 2014 | 11.8 | -75.81% |
| 2013 | 48.6 | -2.25% |
| 2012 | 49.7 |
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.