P/E ratio for Euronav (EURN)
P/E ratio as of September 2023 (TTM): 5.89
According to Euronav's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.89384. At the end of 2021 the company had a P/E ratio of -5.27.
P/E ratio history for Euronav from 2015 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -5.27 | -249.26% |
| 2020 | 3.53 | -85.04% |
| 2019 | 23.6 | -286.7% |
| 2018 | -12.6 | -101.37% |
| 2017 | 925 | 14909.43% |
| 2016 | 6.16 | 1.96% |
| 2015 | 6.04 |
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.