Belships ASA
BELCO.OL
#6907
Rank
โ‚น35.51 B
Marketcap
โ‚น140.51
Share price
-0.43%
Change (1 day)
4.74%
Change (1 year)

P/E ratio for Belships ASA (BELCO.OL)

P/E ratio as of November 2024 (TTM): 59.9

According to Belships ASA's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 59.8715. At the end of 2023 the company had a P/E ratio of 61.3.

P/E ratio history for Belships ASA from 2010 to 2024

PE ratio at the end of each year

Year P/E ratio Change
202361.3149.11%
202224.6-26.22%
202133.4-142.36%
2020-78.8-117.89%
20194401677.82%
201824.864%
201715.1-218.55%
2016-12.7241.76%
2015-3.73-96.81%
2014-117-92.09%
2013< -10002199.6%
2012-64.3-33.04%
2011-96.0-219.17%
201080.6214.81%
200925.6-115.67%
2008-163-936.26%
200719.5-59.31%
200648.08.02%
200544.438.41%
200432.1-53.37%
200368.8-498.58%
2002-17.3-80.81%
2001-90.0

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.