P/E ratio for Legrand (LR.PA)
P/E ratio as of April 2024 (TTM): 24.8
According to Legrand's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.8098. At the end of 2022 the company had a P/E ratio of 20.0.
P/E ratio history for Legrand from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 20.0 | -34.27% |
| 2021 | 30.4 | 6.06% |
| 2020 | 28.6 | 23.31% |
| 2019 | 23.2 | 36.18% |
| 2018 | 17.0 | -29.12% |
| 2017 | 24.1 | 5.24% |
| 2016 | 22.9 | -10.25% |
| 2015 | 25.5 | 16.75% |
| 2014 | 21.8 | 8.88% |
| 2013 | 20.0 | 18.34% |
| 2012 | 16.9 | 24.07% |
| 2011 | 13.6 | -29.48% |
| 2010 | 19.3 | 10.66% |
| 2009 | 17.5 |
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.