Troax Group AB
TROAX.ST
#5301
Rank
HK$8.96 B
Marketcap
HK$149.80
Share price
2.66%
Change (1 day)
-0.36%
Change (1 year)

P/E ratio for Troax Group AB (TROAX.ST)

P/E ratio as of November 2024 (TTM): 382

According to Troax Group AB's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 382.353. At the end of 2023 the company had a P/E ratio of 413.

P/E ratio history for Troax Group AB from 2015 to 2024

PE ratio at the end of each year

Year P/E ratio Change
202341337.86%
2022299-57.37%
202170242.5%
202049367.27%
201929539.59%
2018211-35.58%
201732836.8%
201624063.57%
2015146

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.