According to Zignago Vetro's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.7092. At the end of 2023 the company had a P/E ratio of 10.3.
Year | P/E ratio | Change |
---|---|---|
2023 | 10.3 | -28.25% |
2022 | 14.4 | -42.73% |
2021 | 25.1 | -4.42% |
2020 | 26.3 | 25.32% |
2019 | 21.0 | 27.59% |
2018 | 16.5 | -7.03% |
2017 | 17.7 | 15.41% |
2016 | 15.3 | -15.31% |
2015 | 18.1 | -1.8% |
2014 | 18.4 | 11.96% |
2013 | 16.5 | 34.08% |
2012 | 12.3 | 19.87% |
2011 | 10.2 | -7.83% |
2010 | 11.1 | -0.24% |
2009 | 11.1 | 40.92% |
2008 | 7.91 | -47% |
2007 | 14.9 |
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.