P/E ratio for Prysmian Group (PRY.MI)
P/E ratio as of May 2024 (TTM): 21.5
According to Prysmian Group 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.4816. At the end of 2022 the company had a P/E ratio of 18.2.
P/E ratio history for Prysmian Group from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 18.2 | -35.82% |
| 2021 | 28.3 | -33.37% |
| 2020 | 42.5 | 118.6% |
| 2019 | 19.4 | -75.39% |
| 2018 | 79.0 | 236.62% |
| 2017 | 23.5 | 9.96% |
| 2016 | 21.3 | 5.05% |
| 2015 | 20.3 | -26.71% |
| 2014 | 27.7 | 5.47% |
| 2013 | 26.3 | 33.46% |
| 2012 | 19.7 | -234.48% |
| 2011 | -14.6 | -209.73% |
| 2010 | 13.3 | 52.66% |
| 2009 | 8.74 |
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.