P/E ratio for Novolipetsk Steel (NLMK.ME)
P/E ratio as of April 2024 (TTM): 2.88
According to Novolipetsk Steel 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.88001. At the end of 2020 the company had a P/E ratio of 13.6.
P/E ratio history for Novolipetsk Steel from 2012 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2020 | 13.6 | 30.56% |
| 2019 | 10.4 | 71.67% |
| 2018 | 6.05 | -42.87% |
| 2017 | 10.6 | -11.99% |
| 2016 | 12.0 | 126.98% |
| 2015 | 5.30 | -43.86% |
| 2014 | 9.44 | -86.41% |
| 2013 | 69.5 | 243.51% |
| 2012 | 20.2 |
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.