P/E ratio for Kindred Group (KIND-SDB.ST)
P/E ratio as of April 2024 (TTM): 13.0
According to Kindred Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.9816. At the end of 2022 the company had a P/E ratio of 16.5.
P/E ratio history for Kindred Group from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.5 | 147.77% |
| 2021 | 6.66 | -34.71% |
| 2020 | 10.2 | -47.09% |
| 2019 | 19.3 | 60.95% |
| 2018 | 12.0 | -42.92% |
| 2017 | 21.0 | 7.34% |
| 2016 | 19.6 | -43.62% |
| 2015 | 34.7 | 200.29% |
| 2014 | 11.5 | -45.73% |
| 2013 | 21.3 | 18.57% |
| 2012 | 17.9 | 57.05% |
| 2011 | 11.4 | -3.32% |
| 2010 | 11.8 | -28.55% |
| 2009 | 16.5 |
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.