P/E ratio for Jet2 (JET2.L)
P/E ratio at the end of 2022: -7.64
According to Jet2's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0. At the end of 2022 the company had a P/E ratio of -7.64.
P/E ratio history for Jet2 from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -7.64 | -3.61% |
| 2021 | -7.92 | -206.76% |
| 2020 | 7.42 | -10.58% |
| 2019 | 8.30 | -20.39% |
| 2018 | 10.4 | -1.65% |
| 2017 | 10.6 | 4.82% |
| 2016 | 10.1 | -28.18% |
| 2015 | 14.1 | 58.65% |
| 2014 | 8.87 | 53.07% |
| 2013 | 5.80 | 75.41% |
| 2012 | 3.31 | -41.15% |
| 2011 | 5.62 | 41.04% |
| 2010 | 3.98 | 154.39% |
| 2009 | 1.57 | -53.89% |
| 2008 | 3.40 | -98.01% |
| 2007 | 171 | 1609.84% |
| 2006 | 10.0 | -38.34% |
| 2005 | 16.2 | 261.6% |
| 2004 | 4.49 | -56.01% |
| 2003 | 10.2 | -37.7% |
| 2002 | 16.4 | -11.52% |
| 2001 | 18.5 |
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.