P/E ratio for Novolipetsk Steel (NLMK.ME)
P/E ratio as of January 2023 (TTM): 2.27
According to Novolipetsk Steel 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.26871. At the end of 2020 the company had a P/E ratio of 13.6.
P/E ratio history for Novolipetsk Steel from 2014 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2020 | 13.6 | 57.02% |
| 2019 | 8.63 | 53.01% |
| 2018 | 5.64 | -30.91% |
| 2017 | 8.17 | -17.43% |
| 2016 | 9.89 | 90.03% |
| 2015 | 5.20 | -18.12% |
| 2014 | 6.36 | -72.96% |
| 2013 | 23.5 | 184.52% |
| 2012 | 8.26 | 122.55% |
| 2011 | 3.71 | -60% |
| 2010 | 9.28 |
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.