Hemnet Group AB
HEM.ST
#3661
Rank
โ‚ฌ2.70 B
Marketcap
28,26ย โ‚ฌ
Share price
-1.08%
Change (1 day)
48.56%
Change (1 year)

P/E ratio for Hemnet Group AB (HEM.ST)

P/E ratio as of November 2024 (TTM): 76.4

According to Hemnet Group AB's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 76.4026. At the end of 2023 the company had a P/E ratio of 69.6.

P/E ratio history for Hemnet Group AB from 2021 to 2024

PE ratio at the end of each year

Year P/E ratio Change
202369.662.29%
202242.9-60.28%
2021108

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.