P/E ratio for Grendene (GRND3.SA)
P/E ratio as of April 2024 (TTM): 10.1
According to Grendene's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.068. At the end of 2022 the company had a P/E ratio of 9.57.
P/E ratio history for Grendene from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.57 | -26.25% |
| 2021 | 13.0 | -30.38% |
| 2020 | 18.6 | 37.94% |
| 2019 | 13.5 | 5.84% |
| 2018 | 12.8 | -1.3% |
| 2017 | 12.9 | 55.33% |
| 2016 | 8.33 | -9.3% |
| 2015 | 9.19 | -1.95% |
| 2014 | 9.37 | -25.3% |
| 2013 | 12.5 | 9.23% |
| 2012 | 11.5 | 51.41% |
| 2011 | 7.58 | -15.72% |
| 2010 | 9.00 | -15.88% |
| 2009 | 10.7 |
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.