Reason: Rebranded as CMB.Tech (NYSE: CMBT)
Last recorded trade on: September 25, 2024
Source: https://www.lloydslist.com/LL1149787/Euronav-completes-name-change-to-CMBTech
P/E ratio for Euronav (EURN)
P/E ratio on September 25, 2024 (TTM): 5.73
According to Euronav's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.73288. At the end of 2022 the company had a P/E ratio of 16.9.
P/E ratio history for Euronav from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.9 | -418.83% |
| 2021 | -5.29 | -248.83% |
| 2020 | 3.56 | -85.26% |
| 2019 | 24.1 | -298.35% |
| 2018 | -12.2 | -101.31% |
| 2017 | 925 | 14909.43% |
| 2016 | 6.16 | 1.14% |
| 2015 | 6.09 | -121.8% |
| 2014 | -27.9 | 475.23% |
| 2013 | -4.86 | 75.3% |
| 2012 | -2.77 |
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.