LyondellBasell
LYB
#585
Rank
$33.19 B
Marketcap
$102.28
Share price
-0.65%
Change (1 day)
13.57%
Change (1 year)

P/E ratio for LyondellBasell (LYB)

P/E ratio as of March 2024 (TTM): 14.6

According to LyondellBasell's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.6114. At the end of 2022 the company had a P/E ratio of 7.01.

P/E ratio history for LyondellBasell from 2010 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20227.0127.51%
20215.50-74.56%
202021.6119.89%
20199.8342.46%
20186.90-23.24%
20178.99-3.62%
20169.333.12%
20159.05-8.06%
20149.84-16.3%
201311.82.02%
201211.533.24%
20118.65

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
14.7 0.53%๐Ÿ‡บ๐Ÿ‡ธ USA
31.5 115.47%๐Ÿ‡บ๐Ÿ‡ธ USA
7.91-45.85%๐Ÿ‡บ๐Ÿ‡ธ USA
16.2 11.13%๐Ÿ‡บ๐Ÿ‡ธ USA
1.78-87.83%๐Ÿ‡ฟ๐Ÿ‡ฆ South Africa
-6.45-144.11%๐Ÿ‡ง๐Ÿ‡ท Brazil

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.