P/E ratio for Hannover Rück (HNR1.DE)
P/E ratio as of April 2024 (TTM): 16.3
According to Hannover Rück 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.3119. At the end of 2022 the company had a P/E ratio of 14.2.
P/E ratio history for Hannover Rück from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.2 | -13.11% |
| 2021 | 16.4 | -8.03% |
| 2020 | 17.8 | 9.92% |
| 2019 | 16.2 | 22.43% |
| 2018 | 13.2 | 0.24% |
| 2017 | 13.2 | 24.63% |
| 2016 | 10.6 | -4.4% |
| 2015 | 11.1 | 20.54% |
| 2014 | 9.19 | 9.28% |
| 2013 | 8.41 | -1.55% |
| 2012 | 8.54 | 11.86% |
| 2011 | 7.63 | 17.94% |
| 2010 | 6.47 | 20.92% |
| 2009 | 5.35 |
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.