Rovio Entertainment
ROVIO.HE
#5974
Rank
NZ$1.36 B
Marketcap
$17.86
Share price
0.00%
Change (1 day)
38.66%
Change (1 year)

P/E ratio for Rovio Entertainment (ROVIO.HE)

P/E ratio on March 15, 2024 (TTM): 30.1

According to Rovio Entertainment's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 30.1449. At the end of 2022 the company had a P/E ratio of 20.2.

P/E ratio history for Rovio Entertainment from 2017 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202220.225.63%
202116.09.37%
202014.7-43.51%
201926.099.72%
201813.0-61.11%
201733.4

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.