P/E ratio for Tracsis (TRCS.L)
P/E ratio at the end of 2023: 37.5
According to Tracsis's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 1327.22. At the end of 2023 the company had a P/E ratio of 37.5.
P/E ratio history for Tracsis from 2008 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 37.5 | -80.26% |
| 2022 | 190 | 67.93% |
| 2021 | 113 | 98.49% |
| 2020 | 56.9 | 47.12% |
| 2019 | 38.7 | 61.74% |
| 2018 | 23.9 | -26.11% |
| 2017 | 32.4 | -3.82% |
| 2016 | 33.7 | 44.18% |
| 2015 | 23.3 | 19.43% |
| 2014 | 19.5 | 19.48% |
| 2013 | 16.4 | 63.1% |
| 2012 | 10.0 | -1.96% |
| 2011 | 10.2 | -39.66% |
| 2010 | 17.0 | 17.2% |
| 2009 | 14.5 | 5.73% |
| 2008 | 13.7 |
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.