P/E ratio for Norma Group (NOEJ.F)
P/E ratio as of April 2024 (TTM): 19.4
According to Norma Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.427. At the end of 2022 the company had a P/E ratio of 13.9.
P/E ratio history for Norma Group from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.9 | -27.58% |
| 2021 | 19.2 | -91.66% |
| 2020 | 230 | 1000.55% |
| 2019 | 20.9 | 35.15% |
| 2018 | 15.5 | 4.1% |
| 2017 | 14.9 | -11.74% |
| 2016 | 16.9 | -24.18% |
| 2015 | 22.2 | -2.23% |
| 2014 | 22.7 | 9.23% |
| 2013 | 20.8 | 76.97% |
| 2012 | 11.8 | -12.06% |
| 2011 | 13.4 |
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.