P/E ratio for Piaggio (PIA.MI)
P/E ratio as of May 2024 (TTM): 9.46
According to Piaggio's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.46455. At the end of 2022 the company had a P/E ratio of 11.7.
P/E ratio history for Piaggio from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.7 | -31.42% |
| 2021 | 17.1 | -44.16% |
| 2020 | 30.6 | 46.05% |
| 2019 | 21.0 | 16.54% |
| 2018 | 18.0 | -56.17% |
| 2017 | 41.1 | 1% |
| 2016 | 40.7 | -42.3% |
| 2015 | 70.5 | 28.69% |
| 2014 | 54.8 | -140.88% |
| 2013 | -134 | -845.87% |
| 2012 | 18.0 | 22.54% |
| 2011 | 14.7 | -29.58% |
| 2010 | 20.8 | 30.12% |
| 2009 | 16.0 |
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.