P/E ratio for Hexagon Composites (HEX.OL)
P/E ratio as of May 2024 (TTM): 1.83
According to Hexagon Composites's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 1.82807. At the end of 2022 the company had a P/E ratio of -14.7.
P/E ratio history for Hexagon Composites from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -14.7 | -29.95% |
| 2021 | -21.0 | -71.74% |
| 2020 | -74.3 | -227.93% |
| 2019 | 58.1 | 98.19% |
| 2018 | 29.3 | -55.23% |
| 2017 | 65.5 | 240.67% |
| 2016 | 19.2 | -97.96% |
| 2015 | 943 | 5043.91% |
| 2014 | 18.3 | -62.13% |
| 2013 | 48.4 | -19.94% |
| 2012 | 60.4 | 229.61% |
| 2011 | 18.3 | -60.51% |
| 2010 | 46.4 | 120.67% |
| 2009 | 21.0 |
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.