Neste
NESTE.HE
#1123
Rank
$16.51 B
Marketcap
$21.50
Share price
0.23%
Change (1 day)
-44.11%
Change (1 year)

P/E ratio for Neste (NESTE.HE)

P/E ratio as of May 2024 (TTM): 9.88

According to Neste's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.87707. At the end of 2022 the company had a P/E ratio of 17.5.

P/E ratio history for Neste from 2009 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202217.5-6.83%
202118.8-70.49%
202063.6377.81%
201913.3-42.3%
201823.153.97%
201715.050.68%
20169.95-21.53%
201512.7-86.1%
201491.21191.12%
20137.06-55.91%
201216.027.23%
201112.6-7.3%
201013.6-4.88%
200914.3

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.