P/E ratio for Kardex Holding (KARN.SW)
P/E ratio at the end of 2023: 24.9
According to Kardex Holding's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.2853. At the end of 2023 the company had a P/E ratio of 24.9.
P/E ratio history for Kardex Holding from 2004 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 24.9 | -25.89% |
| 2022 | 33.5 | -40.51% |
| 2021 | 56.4 | 49.03% |
| 2020 | 37.8 | 17.72% |
| 2019 | 32.1 | 22.35% |
| 2018 | 26.3 | -20.41% |
| 2017 | 33.0 | 15.66% |
| 2016 | 28.5 | 16.73% |
| 2015 | 24.5 | 40.69% |
| 2014 | 17.4 | 74.14% |
| 2013 | 9.98 | 6.04% |
| 2012 | 9.41 | -65.58% |
| 2011 | 27.3 | -233.62% |
| 2010 | -20.5 | -107.07% |
| 2009 | 289 | 4591.32% |
| 2008 | 6.17 | -70.72% |
| 2007 | 21.1 | -31.76% |
| 2006 | 30.9 | 97.73% |
| 2005 | 15.6 | -89.03% |
| 2004 | 142 |
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.