National Bank of Canada
NA.TO
#688
Rank
$28.55 B
Marketcap
$84.18
Share price
-0.45%
Change (1 day)
23.30%
Change (1 year)

P/E ratio for National Bank of Canada (NA.TO)

P/E ratio as of March 2024 (TTM): 12.1

According to National Bank of Canada 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.0534. At the end of 2022 the company had a P/E ratio of 9.41.

P/E ratio history for National Bank of Canada from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20229.41-12.81%
202110.8-13.72%
202012.510.84%
201911.320.95%
20189.33-19.11%
201711.5-30.02%
201616.585.95%
20158.86-21.87%
201411.311.3%
201310.223.98%
20128.22-20.27%
201110.3-10.06%
201011.5-5.66%
200912.181.98%
20086.67-58.9%
200716.228.75%
200612.64.13%
200512.10.2%
200412.1-5.57%
200312.8-13.6%
200214.836.19%
200110.9

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.