P/E ratio for Orion Corporation (ORNAV.HE)
P/E ratio as of September 2023 (TTM): 17.5
According to Orion Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.5271. At the end of 2019 the company had a P/E ratio of 28.8.
P/E ratio history for Orion Corporation from 2010 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2019 | 28.8 | 118.03% |
| 2018 | 13.2 | -34.01% |
| 2017 | 20.0 | -15.81% |
| 2016 | 23.8 | 10.7% |
| 2015 | 21.5 |
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.