Novolipetsk Steel
NLMK.ME
#7250
Rank
N/A
Marketcap
$1.54
Share price
-0.25%
Change (1 day)
-40.31%
Change (1 year)

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
202013.657.02%
20198.6353.01%
20185.64-30.91%
20178.17-17.43%
20169.8990.03%
20155.20-18.12%
20146.36-72.96%
201323.5184.52%
20128.26122.55%
20113.71-60%
20109.28

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.