Gjensidige Forsikring
GJF.OL
#2077
Rank
$7.24 B
Marketcap
$14.50
Share price
-0.32%
Change (1 day)
-9.38%
Change (1 year)
Gjensidige Forsikring ASA is a Norwegian insurance group.

P/E ratio for Gjensidige Forsikring (GJF.OL)

P/E ratio as of March 2024 (TTM): 17.7

According to Gjensidige Forsikring 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.7493. At the end of 2022 the company had a P/E ratio of 21.5.

P/E ratio history for Gjensidige Forsikring from 2012 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202221.547.89%
202114.6-4.98%
202015.317.8%
201913.0-22.41%
201816.87.36%
201715.62.27%
201615.3-19.93%
201519.145.79%
201413.14.37%
201312.563.28%
20127.67

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.