P/E ratio for Novatek (NVTK.ME)
P/E ratio as of April 2024 (TTM): 7.14
According to Novatek's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.13657. At the end of 2021 the company had a P/E ratio of 11.9.
P/E ratio history for Novatek from 2012 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 11.9 | -78.57% |
| 2020 | 55.7 | 1169.13% |
| 2019 | 4.39 | -78.83% |
| 2018 | 20.7 | 58.71% |
| 2017 | 13.1 | 40.99% |
| 2016 | 9.27 | -61.36% |
| 2015 | 24.0 | -31.81% |
| 2014 | 35.2 | 219.77% |
| 2013 | 11.0 | -27.25% |
| 2012 | 15.1 |
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.