Nokian Tyres
TYRES.HE
#5481
Rank
NZ$1.83 B
Marketcap
$13.33
Share price
-0.03%
Change (1 day)
-6.77%
Change (1 year)
Categories

P/E ratio for Nokian Tyres (TYRES.HE)

P/E ratio as of December 2024 (TTM): -2.75

According to Nokian Tyres 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.75117. At the end of 2022 the company had a P/E ratio of -7.60.

P/E ratio history for Nokian Tyres from 2009 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-7.60-134.25%
202122.2-52.24%
202046.5424.15%
20198.87-29.59%
201812.6-45.69%
201723.223.09%
201618.82.46%
201518.441.38%
201413.0-48.15%
201325.1110.03%
201211.914.74%
201110.4-49.18%
201020.5-42.72%
200935.8

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.