P/E ratio for Fortum (FORTUM.HE)
P/E ratio as of April 2024 (TTM): -3.51
According to Fortum's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -3.50761. At the end of 2022 the company had a P/E ratio of -5.71.
P/E ratio history for Fortum from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -5.71 | -117.78% |
| 2021 | 32.1 | 234.36% |
| 2020 | 9.61 | -27.05% |
| 2019 | 13.2 | -35.89% |
| 2018 | 20.5 | 22.04% |
| 2017 | 16.8 | -35.29% |
| 2016 | 26.0 | 771% |
| 2015 | 2.99 | -40.99% |
| 2014 | 5.06 | -58.6% |
| 2013 | 12.2 | 37.4% |
| 2012 | 8.90 | 7.4% |
| 2011 | 8.29 | |
| 2009 | 12.8 |
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.