P/E ratio for Philips (PHG)
P/E ratio as of May 2023 (TTM): -7.98
According to Philips's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -7.97808. At the end of 2021 the company had a P/E ratio of 8.70.
P/E ratio history for Philips from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 8.70 | -75.13% |
| 2020 | 35.0 | 2.26% |
| 2019 | 34.2 | 52.91% |
| 2018 | 22.4 | 20.8% |
| 2017 | 18.5 | 2.26% |
| 2016 | 18.1 | -44.53% |
| 2015 | 32.7 | -31.84% |
| 2014 | 47.9 | 119.23% |
| 2013 | 21.9 | -75.53% |
| 2012 | 89.3 | -905.07% |
| 2011 | -11.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Medtronic MDT | 26.7 | -434.56% | 🇮🇪 Ireland |
 General Electric GE | -251 | 3,040.62% | 🇺🇸 USA |
 Hologic HOLX | 26.2 | -428.09% | 🇺🇸 USA |
 Siemens SIE.DE | 40.4 | -606.14% | 🇩🇪 Germany |
 OSI Systems
OSIS | 19.8 | -348.10% | 🇺🇸 USA |
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.