P/E ratio for Demant (DEMANT.CO)
P/E ratio at the end of 2022: 21.3
According to Demant's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.6302. At the end of 2022 the company had a P/E ratio of 21.3.
P/E ratio history for Demant from 2002 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 21.3 | -29.42% |
| 2021 | 30.1 | -33.86% |
| 2020 | 45.6 | 33.36% |
| 2019 | 34.2 | 39.57% |
| 2018 | 24.5 | 6.2% |
| 2017 | 23.0 | 0.32% |
| 2016 | 23.0 | -7.3% |
| 2015 | 24.8 | 40.46% |
| 2014 | 17.6 | -3.95% |
| 2013 | 18.4 | -7.93% |
| 2012 | 19.9 | 2.33% |
| 2011 | 19.5 | -2.58% |
| 2010 | 20.0 | -8.82% |
| 2009 | 21.9 | 49.36% |
| 2008 | 14.7 | -38.18% |
| 2007 | 23.8 | -9.53% |
| 2006 | 26.3 | -0.58% |
| 2005 | 26.4 | 36.74% |
| 2004 | 19.3 | -1.57% |
| 2003 | 19.6 | 1.17% |
| 2002 | 19.4 |
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.