Nordic Mining ASA
NOM.OL
#7672
Rank
โ‚ฌ0.22 B
Marketcap
2,08ย โ‚ฌ
Share price
-0.40%
Change (1 day)
79.25%
Change (1 year)

P/E ratio for Nordic Mining ASA (NOM.OL)

P/E ratio as of November 2024 (TTM): -55.9

According to Nordic Mining ASA's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -55.8789. At the end of 2023 the company had a P/E ratio of -1.65.

P/E ratio history for Nordic Mining ASA from 2010 to 2024

PE ratio at the end of each year

Year P/E ratio Change
2023-1.65-2606.67%
20220.0660-99.96%
2021169-1442.53%
2020-12.6-105.88%
2019214-6409.58%
2018-3.39-62.73%
2017-9.10-14.11%
2016-10.64.32%
2015-10.2-2.24%
2014-10.430.87%
2013-7.94129.88%
2012-3.45-31.66%
2011-5.05-17.2%
2010-6.1076.64%
2009-3.45216.68%
2008-1.09-61.65%
2007-2.84

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.