P/E ratio for Galicia Financial Group (GGAL)
P/E ratio as of April 2024 (TTM): 14.1
According to Galicia Financial Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.1454. At the end of 2020 the company had a P/E ratio of 2.87.
P/E ratio history for Galicia Financial Group from 2001 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2020 | 2.87 | -15.24% |
| 2019 | 3.39 | -59.94% |
| 2018 | 8.45 | -53.78% |
| 2017 | 18.3 | 106.6% |
| 2016 | 8.85 | 9.46% |
| 2015 | 8.09 | 58.22% |
| 2014 | 5.11 | 24.78% |
| 2013 | 4.10 | 43.76% |
| 2012 | 2.85 | 2.66% |
| 2011 | 2.78 | -84.89% |
| 2010 | 18.4 | 56.31% |
| 2009 | 11.7 | 106.21% |
| 2008 | 5.70 | -91.15% |
| 2007 | 64.4 | -134% |
| 2006 | -189 | -906.92% |
| 2005 | 23.5 | -191.22% |
| 2004 | -25.7 | 162.39% |
| 2003 | -9.80 | 4519.93% |
| 2002 | -0.2122 | -106.43% |
| 2001 | 3.30 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Citigroup C | 9.04 | -36.12% | 🇺🇸 USA |
 HSBC HSBC | 5.99 | -57.63% | 🇬🇧 UK |
 Banco Latinoamericano de Comercio Exterior BLX | 7.17 | -49.34% | 🇵🇦 Panama |
 Banco Macro
BMA | 0.5502 | -96.11% | 🇦🇷 Argentina |
 Shinhan Financial Group
SHG | 5.75 | -59.32% | 🇰🇷 S. Korea |
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.