P/E ratio for Vátryggingafélag Íslands (VIS.IC)
P/E ratio as of April 2025 (TTM): 16.2
According to Vátryggingafélag Íslands's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.1964. At the end of 2023 the company had a P/E ratio of 17.6.
P/E ratio history for Vátryggingafélag Íslands from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 17.6 | -42.63% |
| 2022 | 30.7 | 561.24% |
| 2021 | 4.65 | -69.36% |
| 2020 | 15.2 | 86.11% |
| 2019 | 8.15 | -17.09% |
| 2018 | 9.83 | -49.42% |
| 2017 | 19.4 | 39.12% |
| 2016 | 14.0 | 33.99% |
| 2015 | 10.4 | -42.4% |
| 2014 | 18.1 | 44.26% |
| 2013 | 12.5 |
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.