P/E ratio for ElringKlinger (ZIL2.DE)
P/E ratio as of May 2024 (TTM): 42.0
According to ElringKlinger's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 42.0074. At the end of 2022 the company had a P/E ratio of -4.90.
P/E ratio history for ElringKlinger from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -4.90 | -139.24% |
| 2021 | 12.5 | -151.23% |
| 2020 | -24.4 | -117.92% |
| 2019 | 136 | 1260.99% |
| 2018 | 9.99 | -41.14% |
| 2017 | 17.0 | 32.61% |
| 2016 | 12.8 | -20.46% |
| 2015 | 16.1 | -6.65% |
| 2014 | 17.2 | -3.2% |
| 2013 | 17.8 | -8.91% |
| 2012 | 19.6 | 53.96% |
| 2011 | 12.7 | -46.8% |
| 2010 | 23.9 | -14.53% |
| 2009 | 27.9 |
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.