P/E ratio for Elementis (ELM.L)
P/E ratio at the end of 2023: 28.3
According to Elementis's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0. At the end of 2023 the company had a P/E ratio of 28.3.
P/E ratio history for Elementis from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 28.3 | -296.81% |
| 2022 | -14.4 | -104.61% |
| 2021 | 312 | -3348.91% |
| 2020 | -9.59 | -143.9% |
| 2019 | 21.8 | -5.82% |
| 2018 | 23.2 | 118.2% |
| 2017 | 10.6 | -45.25% |
| 2016 | 19.4 | 101.57% |
| 2015 | 9.63 | 73.04% |
| 2014 | 5.57 | -37.74% |
| 2013 | 8.94 | 7% |
| 2012 | 8.36 | 107.31% |
| 2011 | 4.03 | -40.98% |
| 2010 | 6.83 | -311.91% |
| 2009 | -3.22 | -132.26% |
| 2008 | 9.99 | 344.63% |
| 2007 | 2.25 | -42.08% |
| 2006 | 3.88 | -207.45% |
| 2005 | -3.61 | -129.39% |
| 2004 | 12.3 | -1.11% |
| 2003 | 12.4 | -729.42% |
| 2002 | -1.97 | -108.4% |
| 2001 | 23.5 |
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.