P/E ratio for Icelandair (ICEAIR.IC)
P/E ratio as of March 2023 (TTM): 9.09
According to Icelandair's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.09091. At the end of 2021 the company had a P/E ratio of -3.90.
P/E ratio history for Icelandair from 2010 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -3.90 | 922.32% |
| 2020 | -0.3819 | -92.43% |
| 2019 | -5.04 | -12.66% |
| 2018 | -5.77 | -142.69% |
| 2017 | 13.5 | 48.03% |
| 2016 | 9.14 | -18.34% |
| 2015 | 11.2 | -1.04% |
| 2014 | 11.3 | -0.84% |
| 2013 | 11.4 | 73.12% |
| 2012 | 6.59 | -19.63% |
| 2011 | 8.19 | 479.86% |
| 2010 | 1.41 | -579.07% |
| 2009 | -0.2950 | |
| 2007 | 49.5 | 858.86% |
| 2006 | 5.17 |
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.