P/E ratio for Elekta AB (EKTA-B.ST)
P/E ratio as of May 2024 (TTM): 25.1
According to Elekta AB's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 25.1148. At the end of 2022 the company had a P/E ratio of 28.9.
P/E ratio history for Elekta AB from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 28.9 | -22.69% |
| 2021 | 37.4 | 16.25% |
| 2020 | 32.2 | -23.77% |
| 2019 | 42.2 | 35.11% |
| 2018 | 31.3 | -22.47% |
| 2017 | 40.3 | -90.99% |
| 2016 | 448 | 794.31% |
| 2015 | 50.1 | 68.99% |
| 2014 | 29.6 | -0.59% |
| 2013 | 29.8 | -6.26% |
| 2012 | 31.8 | 15.32% |
| 2011 | 27.6 | 7.06% |
| 2010 | 25.8 |
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.