Technology One
TNE.AX
#2594
Rank
NZ$9.33 B
Marketcap
$28.64
Share price
-0.29%
Change (1 day)
68.93%
Change (1 year)

P/E ratio for Technology One (TNE.AX)

P/E ratio at the end of 2022: 40.5

According to Technology One's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 95.5027. At the end of 2022 the company had a P/E ratio of 40.5.

P/E ratio history for Technology One from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202240.5-12.15%
202146.121.62%
202037.9-6.49%
201940.629.21%
201831.45.3%
201729.8-23.16%
201638.825.23%
201531.031.38%
201423.642.52%
201316.646.33%
201211.38.87%
201110.4-8.72%
201011.4-0.3%
200911.4-10.23%
200812.7-32.63%
200718.930.45%
200614.5-2.47%
200514.8-14.43%
200417.312.86%
200315.4-29.18%
200221.7-33.7%
200132.7

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.