P/E ratio for Italtile (ITE.JO)
P/E ratio at the end of 2022: 8.44
According to Italtile's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.43845. At the end of 2022 the company had a P/E ratio of 8.44.
P/E ratio history for Italtile from 2002 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.44 | -3.38% |
| 2021 | 8.74 | -29.29% |
| 2020 | 12.4 | 14.5% |
| 2019 | 10.8 | 6.48% |
| 2018 | 10.1 | 4.88% |
| 2017 | 9.67 | -18.25% |
| 2016 | 11.8 | 23.71% |
| 2015 | 9.56 | 11.66% |
| 2014 | 8.56 | 29.85% |
| 2013 | 6.59 | 11.56% |
| 2012 | 5.91 | 34.51% |
| 2011 | 4.39 | 5.41% |
| 2010 | 4.17 | 22.52% |
| 2009 | 3.40 | -10.91% |
| 2008 | 3.82 | -45.78% |
| 2007 | 7.04 | 27.7% |
| 2006 | 5.51 | 37.28% |
| 2005 | 4.02 | 31.05% |
| 2004 | 3.06 | -66.03% |
| 2003 | 9.02 | 21.22% |
| 2002 | 7.44 |
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.