According to VIP Industries 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 41.0423. At the end of 2022 the company had a P/E ratio of 56.0.
Year | P/E ratio | Change |
---|---|---|
2022 | 56.0 | -62.68% |
2021 | 150 | -344.95% |
2020 | -61.3 | -228.01% |
2019 | 47.9 | 1.67% |
2018 | 47.1 | 5% |
2017 | 44.8 | 113.32% |
2016 | 21.0 | -9.97% |
2015 | 23.3 | |
2013 | 21.3 | -39.99% |
2012 | 35.4 |
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.