P/E ratio for Norwegian Air Shuttle (NAS.OL)
P/E ratio as of April 2024 (TTM): 11.4
According to Norwegian Air Shuttle 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.4114. At the end of 2022 the company had a P/E ratio of 7.13.
P/E ratio history for Norwegian Air Shuttle from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.13 | -1458.33% |
| 2021 | -0.5249 | |
| 2019 | -4.41 | -55.89% |
| 2018 | -10.00 | 34.2% |
| 2017 | -7.45 | -138.49% |
| 2016 | 19.4 | -81.32% |
| 2015 | 104 | -632.91% |
| 2014 | -19.4 | -144.14% |
| 2013 | 44.0 | 70.95% |
| 2012 | 25.8 | -23.13% |
| 2011 | 33.5 | -33.8% |
| 2010 | 50.6 | 167.26% |
| 2009 | 18.9 |
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.