P/E ratio for Red Eléctrica (RED.MC)
P/E ratio as of March 2023 (TTM): 11.2
According to Red Eléctrica's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.1961. At the end of 2021 the company had a P/E ratio of 15.1.
P/E ratio history for Red Eléctrica from 2012 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 15.1 | 2.78% |
| 2020 | 14.7 | 8.1% |
| 2019 | 13.6 | -9.83% |
| 2018 | 15.1 | -0.11% |
| 2017 | 15.1 | -0.67% |
| 2016 | 15.2 | -12.08% |
| 2015 | 17.3 | 23.8% |
| 2014 | 14.0 | 13.28% |
| 2013 | 12.3 | 18.91% |
| 2012 | 10.4 | 7.16% |
| 2011 | 9.67 | -20.35% |
| 2010 | 12.1 | -23.4% |
| 2009 | 15.8 | -6.69% |
| 2008 | 17.0 | -27.17% |
| 2007 | 23.3 | |
| 2005 | 21.8 | 29.48% |
| 2004 | 16.8 | -99.89% |
| 2003 | > 1000 | 117072.41% |
| 2002 | 13.0 |
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.