P/E ratio for Industrivarden (INDU-A.ST)
P/E ratio as of April 2024 (TTM): 4.86
According to Industrivarden's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.85606. At the end of 2022 the company had a P/E ratio of -7.84.
P/E ratio history for Industrivarden from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -7.84 | -267.34% |
| 2021 | 4.68 | -66.64% |
| 2020 | 14.0 | 314.96% |
| 2019 | 3.38 | -135.33% |
| 2018 | -9.58 | -261.94% |
| 2017 | 5.91 | 24.87% |
| 2016 | 4.74 | -78.6% |
| 2015 | 22.1 | 109.22% |
| 2014 | 10.6 | 151.32% |
| 2013 | 4.21 | 5.5% |
| 2012 | 3.99 | -284.34% |
| 2011 | -2.16 | -169.49% |
| 2010 | 3.11 | 88.83% |
| 2009 | 1.65 |
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.