P/E ratio for Fincantieri (FCT.MI)
P/E ratio as of June 2024 (TTM): 602
According to Fincantieri's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 601.974. At the end of 2023 the company had a P/E ratio of -17.8.
P/E ratio history for Fincantieri from 2016 to 2017
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | -17.8 | 510.91% |
| 2022 | -2.92 | -106.21% |
| 2021 | 46.9 | -1312.61% |
| 2020 | -3.87 | -70.82% |
| 2019 | -13.3 | -160.86% |
| 2018 | 21.8 | -41.21% |
| 2017 | 37.1 | 18.03% |
| 2016 | 31.4 | -909.46% |
| 2015 | -3.88 | -123.04% |
| 2014 | 16.8 |
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.