Otovo ASA
OTOVO.OL
#9473
Rank
โ‚น2.43 B
Marketcap
โ‚น8.72
Share price
0.53%
Change (1 day)
-67.28%
Change (1 year)

P/E ratio for Otovo ASA (OTOVO.OL)

P/E ratio as of November 2024 (TTM): -0.4677

According to Otovo ASA's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.467699. At the end of 2023 the company had a P/E ratio of -1.39.

P/E ratio history for Otovo ASA from 2021 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2023-1.39-82.87%
2022-8.11-52.08%
2021-16.9

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.