P/E ratio for REN (Redes Energéticas Nacionais) (RENE.LS)
P/E ratio as of April 2024 (TTM): 11.3
According to REN (Redes Energéticas Nacionais)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.3029. At the end of 2022 the company had a P/E ratio of 14.8.
P/E ratio history for REN (Redes Energéticas Nacionais) from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.8 | -12.63% |
| 2021 | 17.0 | 14.79% |
| 2020 | 14.8 | -2.18% |
| 2019 | 15.1 | 5.54% |
| 2018 | 14.3 | 14.36% |
| 2017 | 12.5 | -11.83% |
| 2016 | 14.2 | -3.78% |
| 2015 | 14.8 | 28.07% |
| 2014 | 11.5 | 18.43% |
| 2013 | 9.73 | 8.91% |
| 2012 | 8.93 | -6.84% |
| 2011 | 9.59 | -21.02% |
| 2010 | 12.1 | 2.57% |
| 2009 | 11.8 |
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.