P/E ratio for Nordea Bank (NDA-FI.HE)
P/E ratio as of April 2024 (TTM): 7.76
According to Nordea Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.75683. At the end of 2022 the company had a P/E ratio of 10.6.
P/E ratio history for Nordea Bank from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.6 | -7.01% |
| 2021 | 11.4 | -4.71% |
| 2020 | 11.9 | -37.47% |
| 2019 | 19.1 | 94.89% |
| 2018 | 9.78 | -27.4% |
| 2017 | 13.5 | 18.15% |
| 2016 | 11.4 | 2.49% |
| 2015 | 11.1 | -4.2% |
| 2014 | 11.6 | -7.95% |
| 2013 | 12.6 | 35.86% |
| 2012 | 9.28 | 0.98% |
| 2011 | 9.19 | |
| 2009 | 11.9 |
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.