Euronav
EURN
#3335
Rank
$3.28 B
Marketcap
$16.63
Share price
1.09%
Change (1 day)
-3.59%
Change (1 year)

P/E ratio for Euronav (EURN)

P/E ratio as of March 2024 (TTM): 5.70

According to Euronav's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.69521. At the end of 2022 the company had a P/E ratio of 16.9.

P/E ratio history for Euronav from 2015 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202216.9-418.83%
2021-5.29-248.83%
20203.56-85.26%
201924.1-298.35%
2018-12.2-101.31%
201792514909.43%
20166.161.14%
20156.09

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.