According to Glarner Kantonalbank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.1728. At the end of 2022 the company had a P/E ratio of 13.3.
Year | P/E ratio | Change |
---|---|---|
2022 | 13.3 | 2.61% |
2021 | 12.9 | -1.98% |
2020 | 13.2 | -13.28% |
2019 | 15.2 | 2.99% |
2018 | 14.8 | -16.59% |
2017 | 17.7 | 17.75% |
2016 | 15.0 | 35.88% |
2015 | 11.1 | -13.53% |
2014 | 12.8 |
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.