P/E ratio for NIOX Group (NIOX.L)
P/E ratio at the end of 2022: 10.2
According to NIOX Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2113.47. At the end of 2022 the company had a P/E ratio of 10.2.
P/E ratio history for NIOX Group from 2014 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.2 | -77.71% |
| 2021 | 45.6 | -1622.79% |
| 2020 | -2.99 | 111.61% |
| 2019 | -1.41 | -8.49% |
| 2018 | -1.55 | -51.83% |
| 2017 | -3.21 | 56.4% |
| 2016 | -2.05 | -84.78% |
| 2015 | -13.5 | 22.61% |
| 2014 | -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.