P/E ratio for Getinge (GETI-B.ST)
P/E ratio as of April 2024 (TTM): 27.6
According to Getinge's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.6117. At the end of 2022 the company had a P/E ratio of 23.6.
P/E ratio history for Getinge from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 23.6 | -34.78% |
| 2021 | 36.2 | 124.35% |
| 2020 | 16.2 | -58.4% |
| 2019 | 38.8 | -275.64% |
| 2018 | -22.1 | -202.2% |
| 2017 | 21.6 | -11.26% |
| 2016 | 24.4 | -25.46% |
| 2015 | 32.7 | 28.57% |
| 2014 | 25.4 | 29.17% |
| 2013 | 19.7 | 8.3% |
| 2012 | 18.2 | 31.12% |
| 2011 | 13.9 | 9.49% |
| 2010 | 12.7 | -13.29% |
| 2009 | 14.6 |
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.