According to Lanxess's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 1.44838. At the end of 2022 the company had a P/E ratio of 13.0.
Year | P/E ratio | Change |
---|---|---|
2022 | 13.0 | -25.67% |
2021 | 17.5 | 182.66% |
2020 | 6.19 | -75.88% |
2019 | 25.7 | 195.78% |
2018 | 8.68 | -87.58% |
2017 | 69.9 | 137.43% |
2016 | 29.4 | 23.25% |
2015 | 23.9 | -67.27% |
2014 | 72.9 | -386.73% |
2013 | -25.4 | -330.98% |
2012 | 11.0 | 68.71% |
2011 | 6.53 | -40.94% |
2010 | 11.1 | -79.92% |
2009 | 55.1 |
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.