Novatek
NVTK.ME
#7250
Rank
N/A
Marketcap
$14.51
Share price
-0.74%
Change (1 day)
-26.38%
Change (1 year)

P/E ratio for Novatek (NVTK.ME)

P/E ratio as of January 2023 (TTM): 11.1

According to Novatek's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.0562. At the end of 2020 the company had a P/E ratio of 55.8.

P/E ratio history for Novatek from 2013 to 2021

PE ratio at the end of each year

Year P/E ratio Change
202055.81170.34%
20194.39-78.83%
201820.758.68%
201713.140.97%
20169.27-61.36%
201524.0-31.87%
201435.2219.94%
201311.0-27.2%
201215.151.39%
20119.99

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.