P/E ratio for Electrica (ECEA.F)
P/E ratio as of April 2024 (TTM): 8.19
According to Electrica 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.19016. At the end of 2021 the company had a P/E ratio of -6.37.
P/E ratio history for Electrica from 2014 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -6.37 | -155.19% |
| 2020 | 11.5 | -33.09% |
| 2019 | 17.3 | 23.05% |
| 2018 | 14.0 | -52.62% |
| 2017 | 29.6 | 146.75% |
| 2016 | 12.0 | 10.03% |
| 2015 | 10.9 | 14.32% |
| 2014 | 9.54 |
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.