P/E ratio for Ringkjøbing Landbobank (RILBA.CO)
P/E ratio as of May 2024 (TTM): 18.8
According to Ringkjøbing Landbobank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.7766. At the end of 2022 the company had a P/E ratio of 17.8.
P/E ratio history for Ringkjøbing Landbobank from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.8 | -13.55% |
| 2021 | 20.5 | 17.14% |
| 2020 | 17.5 | 12.9% |
| 2019 | 15.5 | 16.51% |
| 2018 | 13.3 | 7.96% |
| 2017 | 12.3 | -18.52% |
| 2016 | 15.1 | -23.47% |
| 2015 | 19.8 | 22.92% |
| 2014 | 16.1 | -13.08% |
| 2013 | 18.5 | 18.33% |
| 2012 | 15.7 | 53.64% |
| 2011 | 10.2 | -28.32% |
| 2010 | 14.2 |
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.