Icelandair
ICEAIR.IC
#6288
Rank
$0.35 B
Marketcap
$0.01000
Share price
0.00%
Change (1 day)
0.00%
Change (1 year)

P/E ratio for Icelandair (ICEAIR.IC)

P/E ratio as of March 2024 (TTM): 12.8

According to Icelandair's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.8041. At the end of 2022 the company had a P/E ratio of -601.

P/E ratio history for Icelandair from 2009 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-60114065.85%
2021-4.241582.42%
2020-0.2520-95.32%
2019-5.38-23.34%
2018-7.02-136.93%
201719.066.45%
201611.4-6.55%
201512.2-3.09%
201412.6-10.12%
201314.080.68%
20127.7717228.37%
20110.0448-94.34%
20100.7922-333.46%
2009-0.3393

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.