P/E ratio for Grenke (GLJ.F)
P/E ratio as of April 2024 (TTM): 12.7
According to Grenke's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.7466. At the end of 2022 the company had a P/E ratio of 11.2.
P/E ratio history for Grenke from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.2 | -28.91% |
| 2021 | 15.7 | -24.55% |
| 2020 | 20.8 | -35.27% |
| 2019 | 32.1 | 24.74% |
| 2018 | 25.8 | -25.18% |
| 2017 | 34.4 | 58.4% |
| 2016 | 21.7 | -35.94% |
| 2015 | 33.9 | 70.9% |
| 2014 | 19.8 | -5.27% |
| 2013 | 21.0 | 28.11% |
| 2012 | 16.4 | 21.78% |
| 2011 | 13.4 | -27.51% |
| 2010 | 18.5 | 14.86% |
| 2009 | 16.1 |
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.