P/E ratio for Lesha Bank (QFBQ.QA)
P/E ratio as of June 2024 (TTM): 15.8
According to Lesha Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.7779. At the end of 2022 the company had a P/E ratio of 14.7.
P/E ratio history for Lesha Bank from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.7 | 22.62% |
| 2021 | 12.0 | -324.85% |
| 2020 | -5.32 | 170.65% |
| 2019 | -1.97 | 15.53% |
| 2018 | -1.70 | -64.8% |
| 2017 | -4.84 | -37.54% |
| 2016 | -7.74 |
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.