P/E ratio for Norsk Hydro (NHY.OL)
P/E ratio as of May 2024 (TTM): 21.3
According to Norsk Hydro 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.2667. At the end of 2022 the company had a P/E ratio of 6.22.
P/E ratio history for Norsk Hydro from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.22 | -47% |
| 2021 | 11.7 | -73.48% |
| 2020 | 44.3 | -220.17% |
| 2019 | -36.9 | -299.38% |
| 2018 | 18.5 | 27.49% |
| 2017 | 14.5 | 9.54% |
| 2016 | 13.2 | -60.84% |
| 2015 | 33.8 | -68.93% |
| 2014 | 109 | -280.9% |
| 2013 | -60.2 | 33.12% |
| 2012 | -45.2 | -704.35% |
| 2011 | 7.48 | -75.43% |
| 2010 | 30.4 | -84.4% |
| 2009 | 195 | -2568.26% |
| 2008 | -7.90 | -269.24% |
| 2007 | 4.67 | 14.44% |
| 2006 | 4.08 | 23.08% |
| 2005 | 3.32 |
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.