P/E ratio for Nel ASA (NEL.OL)
P/E ratio as of May 2024 (TTM): -6.09
According to Nel ASA's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -6.08924. At the end of 2022 the company had a P/E ratio of -18.2.
P/E ratio history for Nel ASA from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -18.2 | 37.84% |
| 2021 | -13.2 | -141.9% |
| 2020 | 31.6 | -181.74% |
| 2019 | -38.6 | 39.94% |
| 2018 | -27.6 | -47.12% |
| 2017 | -52.2 | 111.04% |
| 2016 | -24.7 | -78.72% |
| 2015 | -116 | 4814.66% |
| 2014 | -2.36 | 2108.61% |
| 2013 | -0.1070 | -68.48% |
| 2012 | -0.3396 | -85.43% |
| 2011 | -2.33 | 179.87% |
| 2010 | -0.8328 |
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.