P/E ratio for Reitir fasteignafélag (REITIR.IC)
P/E ratio as of April 2024 (TTM): 12.2
According to Reitir fasteignafélag's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.2381. At the end of 2022 the company had a P/E ratio of 99.4.
P/E ratio history for Reitir fasteignafélag from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 99.4 | 1046.54% |
| 2021 | 8.67 | -64.47% |
| 2020 | 24.4 | 60.75% |
| 2019 | 15.2 | -95.86% |
| 2018 | 367 | 3266.69% |
| 2017 | 10.9 | -61.58% |
| 2016 | 28.3 | 230.95% |
| 2015 | 8.56 |
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.