P/E ratio for Erste Group Bank (EBO.F)
P/E ratio as of April 2024 (TTM): 6.19
According to Erste Group Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.1909. At the end of 2022 the company had a P/E ratio of 5.82.
P/E ratio history for Erste Group Bank from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.82 | -40.64% |
| 2021 | 9.81 | -36.26% |
| 2020 | 15.4 | 46.98% |
| 2019 | 10.5 | 53.07% |
| 2018 | 6.84 | -41.66% |
| 2017 | 11.7 | 27.74% |
| 2016 | 9.18 | -26.25% |
| 2015 | 12.4 | -325.16% |
| 2014 | -5.53 | -102.06% |
| 2013 | 269 | 1026.7% |
| 2012 | 23.9 | -504.88% |
| 2011 | -5.89 | -132.77% |
| 2010 | 18.0 | 63.41% |
| 2009 | 11.0 |
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.