P/E ratio for QNB Finansbank (QNBFB.IS)
P/E ratio as of April 2024 (TTM): 27.0
According to QNB Finansbank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 26.9922. At the end of 2022 the company had a P/E ratio of 10.4.
P/E ratio history for QNB Finansbank from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.4 | -69.12% |
| 2021 | 33.7 | -60.67% |
| 2020 | 85.7 | 94.77% |
| 2019 | 44.0 | 274.91% |
| 2018 | 11.7 | 18.8% |
| 2017 | 9.88 | -15.1% |
| 2016 | 11.6 | -54.32% |
| 2015 | 25.5 | 166.67% |
| 2014 | 9.55 | -0.79% |
| 2013 | 9.63 | 229.26% |
| 2012 | 2.92 | -82.07% |
| 2011 | 16.3 | 27.64% |
| 2010 | 12.8 | 10.1% |
| 2009 | 11.6 |
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.