According to Outokumpu's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.12851. At the end of 2022 the company had a P/E ratio of 1.85.
Year | P/E ratio | Change |
---|---|---|
2022 | 1.85 | -58% |
2021 | 4.40 | -138.26% |
2020 | -11.5 | -26.23% |
2019 | -15.6 | -251.16% |
2018 | 10.3 | 25.24% |
2017 | 8.23 | -67.08% |
2016 | 25.0 | 110.59% |
2015 | 11.9 | -612.77% |
2014 | -2.32 | 318.67% |
2013 | -0.5533 | -76.31% |
2012 | -2.34 | -55.1% |
2011 | -5.20 | -74.52% |
2010 | -20.4 | 187.86% |
2009 | -7.09 |
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.