P/E ratio for Gaztransport & Technigaz (GTT.PA)
P/E ratio at the end of 2022: 26.8
According to Gaztransport & Technigaz's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 37.2821. At the end of 2022 the company had a P/E ratio of 26.8.
P/E ratio history for Gaztransport & Technigaz from 2014 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 26.8 | 34% |
| 2021 | 20.0 | 64.88% |
| 2020 | 12.1 | -39.92% |
| 2019 | 20.2 | 34.31% |
| 2018 | 15.0 | 20.56% |
| 2017 | 12.5 | 3.39% |
| 2016 | 12.0 | 7.13% |
| 2015 | 11.2 | -12.75% |
| 2014 | 12.9 |
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.