P/E ratio for Evonik Industries (EVK.DE)
P/E ratio as of May 2024 (TTM): -29.1
According to Evonik Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -29.0823. At the end of 2022 the company had a P/E ratio of 15.5.
P/E ratio history for Evonik Industries from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.5 | -13.11% |
| 2021 | 17.8 | -33.31% |
| 2020 | 26.7 | 343.2% |
| 2019 | 6.02 | -45.07% |
| 2018 | 11.0 | -46.28% |
| 2017 | 20.4 | 30.12% |
| 2016 | 15.7 | 9.09% |
| 2015 | 14.4 | -34.82% |
| 2014 | 22.1 | 228.22% |
| 2013 | 6.72 |
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.