According to Gjensidige Forsikring 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.131. At the end of 2022 the company had a P/E ratio of 21.3.
Year | P/E ratio | Change |
---|---|---|
2022 | 21.3 | 40.88% |
2021 | 15.1 | -21.86% |
2020 | 19.3 | 38.26% |
2019 | 14.0 | -23.24% |
2018 | 18.2 | 6.33% |
2017 | 17.1 | 16.69% |
2016 | 14.7 | -21.86% |
2015 | 18.8 | 28.94% |
2014 | 14.6 | -7.64% |
2013 | 15.8 | 64.25% |
2012 | 9.60 | -23.89% |
2011 | 12.6 | 27.17% |
2010 | 9.92 |
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.