P/E ratio for Grieg Seafood (GSF.OL)
P/E ratio as of May 2024 (TTM): -26.6
According to Grieg Seafood's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -26.5717. At the end of 2022 the company had a P/E ratio of 7.63.
P/E ratio history for Grieg Seafood from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.63 | -2.66% |
| 2021 | 7.84 | -138.69% |
| 2020 | -20.3 | -181.03% |
| 2019 | 25.0 | 111.24% |
| 2018 | 11.8 | -15.28% |
| 2017 | 14.0 | 83.54% |
| 2016 | 7.61 | -101.47% |
| 2015 | -517 | -2293.57% |
| 2014 | 23.6 | 276.86% |
| 2013 | 6.25 | -165.48% |
| 2012 | -9.55 | 142.49% |
| 2011 | -3.94 | -218.9% |
| 2010 | 3.31 | 7.11% |
| 2009 | 3.09 |
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.