P/E ratio for Rovio Entertainment (ROVIO.HE)
P/E ratio as of April 2024 (TTM): 30.1
According to Rovio Entertainment's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 30.1449. At the end of 2022 the company had a P/E ratio of 20.2.
P/E ratio history for Rovio Entertainment from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 20.2 | 25.63% |
| 2021 | 16.0 | 9.37% |
| 2020 | 14.7 | -43.51% |
| 2019 | 26.0 | 99.72% |
| 2018 | 13.0 | -61.11% |
| 2017 | 33.4 |
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.