P/E ratio for Forterra plc (FORT.L)
P/E ratio at the end of 2023: 28.7
According to Forterra plc's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 290652. At the end of 2023 the company had a P/E ratio of 28.7.
P/E ratio history for Forterra plc from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 28.7 | 294.72% |
| 2022 | 7.28 | -43.44% |
| 2021 | 12.9 | -114.18% |
| 2020 | -90.8 | -736.41% |
| 2019 | 14.3 | 67.36% |
| 2018 | 8.53 | -28.39% |
| 2017 | 11.9 | -9.39% |
| 2016 | 13.1 |
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.