P/E ratio for Nokian Tyres (TYRES.HE)
P/E ratio as of April 2024 (TTM): -3.55
According to Nokian Tyres 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -3.55225. At the end of 2022 the company had a P/E ratio of -7.60.
P/E ratio history for Nokian Tyres from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -7.60 | -134.25% |
| 2021 | 22.2 | -52.24% |
| 2020 | 46.5 | 424.15% |
| 2019 | 8.87 | -29.59% |
| 2018 | 12.6 | -45.69% |
| 2017 | 23.2 | 23.09% |
| 2016 | 18.8 | 2.46% |
| 2015 | 18.4 | 41.38% |
| 2014 | 13.0 | -48.15% |
| 2013 | 25.1 | 110.03% |
| 2012 | 11.9 | 14.74% |
| 2011 | 10.4 | |
| 2009 | 35.8 |
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.