P/E ratio for Paradox Interactive (PDX.ST)
P/E ratio as of April 2024 (TTM): 28.6
According to Paradox Interactive's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 28.6002. At the end of 2022 the company had a P/E ratio of 31.6.
P/E ratio history for Paradox Interactive from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 31.6 | -58.25% |
| 2021 | 75.6 | 37.38% |
| 2020 | 55.1 | 29.93% |
| 2019 | 42.4 | 5.46% |
| 2018 | 40.2 | 8.15% |
| 2017 | 37.2 | 66.91% |
| 2016 | 22.3 |
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.