P/E ratio for FLSmidth (FLS.CO)
P/E ratio as of October 2023 (TTM): 60.2
According to FLSmidth's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 60.151. At the end of 2021 the company had a P/E ratio of 35.4.
P/E ratio history for FLSmidth from 2010 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 35.4 | -36.12% |
| 2020 | 55.4 | 223.72% |
| 2019 | 17.1 | -25.88% |
| 2018 | 23.1 | -90.41% |
| 2017 | 241 | 771.39% |
| 2016 | 27.6 | -2.09% |
| 2015 | 28.2 | 70.04% |
| 2014 | 16.6 | -187.48% |
| 2013 | -19.0 | -241.96% |
| 2012 | 13.4 | 7.76% |
| 2011 | 12.4 | -43.09% |
| 2010 | 21.8 | 89.52% |
| 2009 | 11.5 | 83.69% |
| 2008 | 6.26 | -70.19% |
| 2007 | 21.0 | 28.18% |
| 2006 | 16.4 | -18.92% |
| 2005 | 20.2 | -45.04% |
| 2004 | 36.8 | -2702.05% |
| 2003 | -1.41 | -31.19% |
| 2002 | -2.05 |
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.