P/E ratio for Galp Energia (GZ5.F)
P/E ratio as of April 2024 (TTM): 16.2
According to Galp Energia's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.2133. At the end of 2022 the company had a P/E ratio of 9.14.
P/E ratio history for Galp Energia from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.14 | -99.49% |
| 2021 | > 1000 | -13374.8% |
| 2020 | -13.5 | -141.44% |
| 2019 | 32.5 | 107.38% |
| 2018 | 15.7 | -26.92% |
| 2017 | 21.4 | -68.37% |
| 2016 | 67.7 | -5.69% |
| 2015 | 71.8 | -261.2% |
| 2014 | -44.5 | -172.91% |
| 2013 | 61.1 | 113.22% |
| 2012 | 28.7 | 28.76% |
| 2011 | 22.3 | -1.5% |
| 2010 | 22.6 | -22.4% |
| 2009 | 29.1 |
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.