P/E ratio for Nexans (NEX.PA)
P/E ratio at the end of 2021: 21.5
According to Nexans's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 25.6023. At the end of 2021 the company had a P/E ratio of 21.5.
P/E ratio history for Nexans from 2002 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 21.5 | -25.46% |
| 2020 | 28.8 | -295.12% |
| 2019 | -14.8 | -120.96% |
| 2018 | 70.5 | 370.08% |
| 2017 | 15.0 | -57.16% |
| 2016 | 35.0 | -580.66% |
| 2015 | -7.28 | 32.52% |
| 2014 | -5.50 | 109.5% |
| 2013 | -2.62 | -108.52% |
| 2012 | 30.8 | -676.91% |
| 2011 | -5.34 | -132.94% |
| 2010 | 16.2 | -88.78% |
| 2009 | 144 | 1310.88% |
| 2008 | 10.2 | 21.23% |
| 2007 | 8.44 | 10.08% |
| 2006 | 7.67 | 7.93% |
| 2005 | 7.10 | 13614.67% |
| 2004 | 0.0518 | -99.99% |
| 2003 | 383 | -4489.59% |
| 2002 | -8.72 |
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.