According to Troax Group AB's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 392.591. At the end of 2023 the company had a P/E ratio of 413.
Year | P/E ratio | Change |
---|---|---|
2023 | 413 | 37.86% |
2022 | 299 | -57.37% |
2021 | 702 | 42.5% |
2020 | 493 | 67.27% |
2019 | 295 | 39.59% |
2018 | 211 | -35.58% |
2017 | 328 | 36.8% |
2016 | 240 | 63.57% |
2015 | 146 |
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.