P/E ratio for Hektaล (HEKTS.IS)
P/E ratio as of April 2024 (TTM): 97.7
According to Hektaล 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 97.6851. At the end of 2022 the company had a P/E ratio of 79.0.
P/E ratio history for Hektaล from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 79.0 | 81.69% |
| 2021 | 43.5 | 81.33% |
| 2020 | 24.0 | 108.74% |
| 2019 | 11.5 | 72.56% |
| 2018 | 6.66 | -37.93% |
| 2017 | 10.7 | 27.39% |
| 2016 | 8.42 | 4.86% |
| 2015 | 8.03 | -9.69% |
| 2014 | 8.89 | 29.37% |
| 2013 | 6.87 | -3.39% |
| 2012 | 7.12 | 16.63% |
| 2011 | 6.10 |
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.