P/E ratio for Elisa (ELISA.HE)
P/E ratio as of September 2023 (TTM): 18.3
According to Elisa 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.2743. At the end of 2021 the company had a P/E ratio of 25.3.
P/E ratio history for Elisa from 2010 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 25.3 | 14.98% |
| 2020 | 22.0 | -15.15% |
| 2019 | 25.9 | 39.43% |
| 2018 | 18.6 | 19.89% |
| 2017 | 15.5 | -19.28% |
| 2016 | 19.2 | -15.57% |
| 2015 | 22.8 |
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.