P/E ratio for Gasco (National Gas and Industrialization Company) (2080.SR)
P/E ratio as of May 2024 (TTM): 27.0
According to Gasco (National Gas and Industrialization Company)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.0269. At the end of 2022 the company had a P/E ratio of 18.4.
P/E ratio history for Gasco (National Gas and Industrialization Company) from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 18.4 | -9.26% |
| 2021 | 20.2 | 19.97% |
| 2020 | 16.9 | -19.96% |
| 2019 | 21.1 | 20.14% |
| 2018 | 17.5 | -1.96% |
| 2017 | 17.9 | 5.25% |
| 2016 | 17.0 | 26.37% |
| 2015 | 13.4 | -17.3% |
| 2014 | 16.3 | -8.41% |
| 2013 | 17.7 | 71.23% |
| 2012 | 10.4 | -23.26% |
| 2011 | 13.5 |
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.