P/E ratio for Nedbank (NED.JO)
P/E ratio at the end of 2021: 6.41
According to Nedbank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.11257. At the end of 2021 the company had a P/E ratio of 6.41.
P/E ratio history for Nedbank from 2002 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 6.41 | -55.05% |
| 2020 | 14.3 | 117.55% |
| 2019 | 6.55 | -11.29% |
| 2018 | 7.39 | 6.22% |
| 2017 | 6.96 | -15.24% |
| 2016 | 8.21 | 18.89% |
| 2015 | 6.90 | -4.32% |
| 2014 | 7.21 | 16.75% |
| 2013 | 6.18 | 19% |
| 2012 | 5.19 | 14.02% |
| 2011 | 4.55 | 7.22% |
| 2010 | 4.25 | -0.03% |
| 2009 | 4.25 | 40.45% |
| 2008 | 3.03 | -9.45% |
| 2007 | 3.34 | -23.76% |
| 2006 | 4.38 | 26.05% |
| 2005 | 3.48 | -37.43% |
| 2004 | 5.56 | -238.82% |
| 2003 | -4.00 | -112.62% |
| 2002 | 31.7 |
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.