P/E ratio for Loomis AB (LOOMIS.ST)
P/E ratio as of May 2024 (TTM): 11.7
According to Loomis AB's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.7342. At the end of 2022 the company had a P/E ratio of 13.0.
P/E ratio history for Loomis AB from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.0 | -20.25% |
| 2021 | 16.3 | -31.35% |
| 2020 | 23.8 | 34.2% |
| 2019 | 17.7 | 25.16% |
| 2018 | 14.2 | -21.96% |
| 2017 | 18.1 | 11.98% |
| 2016 | 16.2 | -12.94% |
| 2015 | 18.6 | -0.34% |
| 2014 | 18.7 | 20.39% |
| 2013 | 15.5 | 32.76% |
| 2012 | 11.7 | -15.09% |
| 2011 | 13.8 | -7.34% |
| 2010 | 14.9 | 30.21% |
| 2009 | 11.4 |
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.