P/E ratio for Recordati (REC.MI)
P/E ratio as of October 2023 (TTM): 23.6
According to Recordati 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.5994. At the end of 2021 the company had a P/E ratio of 30.1.
P/E ratio history for Recordati from 2012 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 30.1 | 14.73% |
| 2020 | 26.3 | 25.9% |
| 2019 | 20.9 | 6.31% |
| 2018 | 19.6 | -26.1% |
| 2017 | 26.6 | 13.69% |
| 2016 | 23.4 | -6.1% |
| 2015 | 24.9 | 53.39% |
| 2014 | 16.2 | 2.84% |
| 2013 | 15.8 | 34.42% |
| 2012 | 11.7 | 22.73% |
| 2011 | 9.56 | -25.72% |
| 2010 | 12.9 | 38.89% |
| 2009 | 9.27 | 22.55% |
| 2008 | 7.56 | -48.2% |
| 2007 | 14.6 | -7.09% |
| 2006 | 15.7 | -11.97% |
| 2005 | 17.9 | 10.45% |
| 2004 | 16.2 | -48.77% |
| 2003 | 31.6 |
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.