P/E ratio for Renold (RNO.L)
P/E ratio at the end of 2024: 4.62
According to Renold's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 519.864. At the end of 2024 the company had a P/E ratio of 4.62.
P/E ratio history for Renold from 2001 to 2024
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2024 | 4.62 | -5.01% |
| 2023 | 4.87 | 13.48% |
| 2022 | 4.29 | -63.41% |
| 2021 | 11.7 | 1.34% |
| 2020 | 11.6 | 34.26% |
| 2019 | 8.61 | -132.22% |
| 2018 | -26.7 | -196.82% |
| 2017 | 27.6 | 126.84% |
| 2016 | 12.2 | -37.3% |
| 2015 | 19.4 | -314.03% |
| 2014 | -9.07 | 82.98% |
| 2013 | -4.96 | -147.08% |
| 2012 | 10.5 | -114.71% |
| 2011 | -71.6 | 2704.31% |
| 2010 | -2.55 | -149.6% |
| 2009 | 5.15 | 10.06% |
| 2008 | 4.68 | -194.55% |
| 2007 | -4.95 | 134.94% |
| 2006 | -2.11 | -99.55% |
| 2005 | -472 | -6044.79% |
| 2004 | 7.94 | -40.02% |
| 2003 | 13.2 | -282.75% |
| 2002 | -7.24 | -197.53% |
| 2001 | 7.42 |
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.