P/E ratio for Nok Air (NOKPF)
P/E ratio as of April 2024 (TTM): -0.1170
According to Nok Air's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.117012. At the end of 2022 the company had a P/E ratio of -0.0246.
P/E ratio history for Nok Air from 2014 to 2020
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -0.0246 | -98% |
| 2021 | -1.23 | 7389.11% |
| 2020 | -0.0164 | -99.47% |
| 2019 | -3.09 | 55.57% |
| 2018 | -1.98 | -6.9% |
| 2017 | -2.13 | -28.53% |
| 2016 | -2.98 | -88.75% |
| 2015 | -26.5 | -29.17% |
| 2014 | -37.4 |
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.