P/E ratio for Nine Entertainment Co. Holdings (NEC.AX)
P/E ratio at the end of 2023: 26.7
According to Nine Entertainment Co. Holdings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.3588. At the end of 2023 the company had a P/E ratio of 26.7.
P/E ratio history for Nine Entertainment Co. Holdings from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 26.7 | 64.87% |
| 2022 | 16.2 | -58.45% |
| 2021 | 39.0 | -792.74% |
| 2020 | -5.63 | -135.71% |
| 2019 | 15.8 | 12.94% |
| 2018 | 14.0 | -276.23% |
| 2017 | -7.92 | -309.03% |
| 2016 | 3.79 | -222.28% |
| 2015 | -3.10 | -109.2% |
| 2014 | 33.7 |
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.