Solstad Offshore
SOFF.OL
#7338
Rank
HK$2.45 B
Marketcap
HK$22.56
Share price
-2.74%
Change (1 day)
35.66%
Change (1 year)

P/E ratio for Solstad Offshore (SOFF.OL)

P/E ratio as of November 2024 (TTM): 8.28

According to Solstad Offshore's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.2811. At the end of 2023 the company had a P/E ratio of 7.24.

P/E ratio history for Solstad Offshore from 2010 to 2024

PE ratio at the end of each year

Year P/E ratio Change
20237.24-396.81%
2022-2.44397.27%
2021-0.4906-112806.45%
20200.0004-100%
2019-121107539.19%
2018-0.1123-97.49%
2017-4.48187.98%
2016-1.55140.89%
2015-0.6451-102.44%
201426.4112.49%
201312.4-8.07%
201213.5-213.33%
2011-11.9-110.07%
20101192171.38%
20095.22-91.81%
200863.8478.88%
200711.039.85%
20067.88-57.01%
200518.3-59.96%
200445.8245.45%
200313.2210.33%
20024.27

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.