According to Frontline's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.3725. At the end of 2023 the company had a P/E ratio of 6.80.
Year | P/E ratio | Change |
---|---|---|
2023 | 6.80 | 21.49% |
2022 | 5.59 | -103.96% |
2021 | -141 | -4919.42% |
2020 | 2.93 | |
2018 | -111 | 3634.86% |
2017 | -2.96 | -130.82% |
2016 | 9.61 | |
2014 | -1.51 | -2.97% |
2013 | -1.56 | -49.33% |
2012 | -3.08 |
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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.