P/E ratio for Jyske Bank (JYSK.CO)
P/E ratio as of April 2024 (TTM): 6.63
According to Jyske Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.62966. At the end of 2022 the company had a P/E ratio of 8.16.
P/E ratio history for Jyske Bank from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.16 | 2.65% |
| 2021 | 7.95 | -31.64% |
| 2020 | 11.6 | 38.42% |
| 2019 | 8.40 | 0.3% |
| 2018 | 8.38 | -18.05% |
| 2017 | 10.2 | 1.8% |
| 2016 | 10.0 | -16.15% |
| 2015 | 12.0 | 28.72% |
| 2014 | 9.30 | -19.3% |
| 2013 | 11.5 | -41.25% |
| 2012 | 19.6 | 5.64% |
| 2011 | 18.6 | -1.81% |
| 2010 | 18.9 | -19.65% |
| 2009 | 23.5 |
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.