Tecnoglass
TGLS
#3242
Rank
ยฃ2.94 B
Marketcap
๐Ÿ‡จ๐Ÿ‡ด
Country
ยฃ62.74
Share price
0.75%
Change (1 day)
125.49%
Change (1 year)

P/E ratio for Tecnoglass (TGLS)

P/E ratio as of November 2024 (TTM): 18.6

According to Tecnoglass's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.5785. At the end of 2022 the company had a P/E ratio of 9.39.

P/E ratio history for Tecnoglass from 2013 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20229.39-49.08%
202118.441.46%
202013.0-14.06%
201915.2-62.4%
201840.4-12.16%
201745.9181.25%
201616.3-154.68%
2015-29.9-288.34%
201415.9-617.52%
2013-3.06

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
21.8 17.11%๐Ÿ‡บ๐Ÿ‡ธ USA
16.8-9.38%๐Ÿ‡บ๐Ÿ‡ธ USA
20.6 10.73%๐Ÿ‡บ๐Ÿ‡ธ USA
-357-2,019.78%๐Ÿ‡บ๐Ÿ‡ธ USA

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.