P/E ratio for OVS S.p.A. (OVS.MI)
P/E ratio at the end of 2023: 16.0
According to OVS S.p.A.'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.3215. At the end of 2023 the company had a P/E ratio of 16.0.
P/E ratio history for OVS S.p.A. from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 16.0 | 10.61% |
| 2022 | 14.4 | 116.99% |
| 2021 | 6.65 | -314.5% |
| 2020 | -3.10 | -125.07% |
| 2019 | 12.4 | -95.83% |
| 2018 | 296 | 1876.63% |
| 2017 | 15.0 | 0.34% |
| 2016 | 14.9 |
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.