P/E ratio for Enlight Renewable Energy (ENLT)
P/E ratio as of April 2024 (TTM): 89.1
According to Enlight Renewable Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 89.1142. At the end of 2021 the company had a P/E ratio of > 1000.
P/E ratio history for Enlight Renewable Energy from 2014 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | > 1000 | -628.32% |
| 2020 | < -1000 | -77.08% |
| 2019 | < -1000 | -136.75% |
| 2018 | > 1000 | -50.53% |
| 2017 | > 1000 | 631.05% |
| 2016 | > 1000 | 564.09% |
| 2015 | > 1000 | 189.51% |
| 2014 | 533 | -48.48% |
| 2013 | > 1000 | 128.33% |
| 2012 | 453 | -137.62% |
| 2011 | < -1000 | -78.96% |
| 2010 | < -1000 |
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.