Forterra plc
FORT.L
#7015
Rank
NZ$0.75 B
Marketcap
$3.66
Share price
0.24%
Change (1 day)
1.66%
Change (1 year)

P/E ratio for Forterra plc (FORT.L)

P/E ratio at the end of 2023: 28.1

According to Forterra plc's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2622.27. At the end of 2023 the company had a P/E ratio of 28.1.

P/E ratio history for Forterra plc from 2016 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202328.1294.72%
20227.11-43.44%
202112.6-114.18%
2020-88.7-736.41%
201913.967.36%
20188.33-28.39%
201711.6-9.39%
201612.8

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.