P/E ratio for GarantiBank (GARAN.IS)
P/E ratio as of May 2024 (TTM): 3.98
According to GarantiBank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.97535. At the end of 2022 the company had a P/E ratio of 2.77.
P/E ratio history for GarantiBank from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.77 | |
| 2020 | 6.97 | -8.03% |
| 2019 | 7.58 | 7.98% |
| 2018 | 7.02 | -1.06% |
| 2017 | 7.09 | 18.07% |
| 2016 | 6.01 | -28.01% |
| 2015 | 8.35 | -23.97% |
| 2014 | 11.0 | 23.99% |
| 2013 | 8.85 | -26.18% |
| 2012 | 12.0 | 52.65% |
| 2011 | 7.86 |
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.