P/E ratio for Norway Royal Salmon (NRS.OL)
P/E ratio at the end of 2021: 9.13
According to Norway Royal Salmon 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.1463. At the end of 2021 the company had a P/E ratio of 9.13.
P/E ratio history for Norway Royal Salmon from 2011 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 9.13 | -89.89% |
| 2020 | 90.3 | 1306.67% |
| 2019 | 6.42 | -28.04% |
| 2018 | 8.92 | -53.57% |
| 2017 | 19.2 | 166.25% |
| 2016 | 7.22 | -40.9% |
| 2015 | 12.2 | 62.1% |
| 2014 | 7.53 | 154.39% |
| 2013 | 2.96 | -73.93% |
| 2012 | 11.4 | -83.37% |
| 2011 | 68.3 |
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.