P/E ratio for Erdemir (EREGL.IS)
P/E ratio as of April 2024 (TTM): 200
According to Erdemir's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 200.133. At the end of 2022 the company had a P/E ratio of 8.02.
P/E ratio history for Erdemir from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.02 | 26.35% |
| 2021 | 6.35 | -59.94% |
| 2020 | 15.8 | 65.53% |
| 2019 | 9.57 | 111.75% |
| 2018 | 4.52 | -51.62% |
| 2017 | 9.34 | -21.23% |
| 2016 | 11.9 | 25.53% |
| 2015 | 9.45 | -3.07% |
| 2014 | 9.75 | -0.7% |
| 2013 | 9.82 | -43.29% |
| 2012 | 17.3 | 144.62% |
| 2011 | 7.08 | -37.07% |
| 2010 | 11.2 | -126.52% |
| 2009 | -42.4 |
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.