P/E ratio for Harel Group (HARL.TA)
P/E ratio as of April 2024 (TTM): 21.2
According to Harel Group 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.1778. At the end of 2022 the company had a P/E ratio of 6.70.
P/E ratio history for Harel Group from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.70 | 3.7% |
| 2021 | 6.46 | -28.95% |
| 2020 | 9.09 | -31.17% |
| 2019 | 13.2 | 68.86% |
| 2018 | 7.82 | -4.97% |
| 2017 | 8.23 | -27.26% |
| 2016 | 11.3 | 67.97% |
| 2015 | 6.74 | -25.64% |
| 2014 | 9.06 | 41.9% |
| 2013 | 6.39 | -19.53% |
| 2012 | 7.94 |
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.