P/E ratio for Olvi plc (OLVAS.HE)
P/E ratio as of April 2024 (TTM): -117
According to Olvi plc's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -116.962. At the end of 2022 the company had a P/E ratio of 86.5.
P/E ratio history for Olvi plc from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 86.5 | 251.54% |
| 2021 | 24.6 | -0.58% |
| 2020 | 24.7 | 21.32% |
| 2019 | 20.4 | 27.15% |
| 2018 | 16.0 | -7.1% |
| 2017 | 17.3 | -3.19% |
| 2016 | 17.8 | -13.2% |
| 2015 | 20.5 | 53.1% |
| 2014 | 13.4 | -24.92% |
| 2013 | 17.9 | 13.71% |
| 2012 | 15.7 | -29.66% |
| 2011 | 22.3 | 241.41% |
| 2010 | 6.55 | -46.87% |
| 2009 | 12.3 |
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.