P/E ratio for Tesco (TSCO.L)
P/E ratio at the end of 2024: 16.8
According to Tesco's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2034.65. At the end of 2024 the company had a P/E ratio of 16.8.
P/E ratio history for Tesco from 2001 to 2024
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2024 | 16.8 | -37.62% |
| 2023 | 26.9 | 91.01% |
| 2022 | 14.1 | 339.66% |
| 2021 | 3.21 | -86.02% |
| 2020 | 22.9 | 36.32% |
| 2019 | 16.8 | 29.93% |
| 2018 | 12.9 | -103.25% |
| 2017 | -398 | -497.41% |
| 2016 | 100 | -3570.64% |
| 2015 | -2.89 | -113.68% |
| 2014 | 21.1 | -89.44% |
| 2013 | 200 | 2624.35% |
| 2012 | 7.34 | -23.94% |
| 2011 | 9.65 | -23.75% |
| 2010 | 12.7 | 12.69% |
| 2009 | 11.2 | 16.79% |
| 2008 | 9.62 | -20.7% |
| 2007 | 12.1 | -2.91% |
| 2006 | 12.5 | 6.58% |
| 2005 | 11.7 | -0.26% |
| 2004 | 11.7 | -0.61% |
| 2003 | 11.8 | -41.69% |
| 2002 | 20.3 | -16.54% |
| 2001 | 24.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 | 29.6 | -98.54% | 🇺🇸 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.