Rovio Entertainment
ROVIO.HE
#5410
Rank
$0.48 B
Marketcap
$6.26
Share price
0.58%
Change (1 day)
-19.12%
Change (1 year)

P/E ratio for Rovio Entertainment (ROVIO.HE)

P/E ratio as of November 2022 (TTM): 12.6

According to Rovio Entertainment's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.5738. At the end of 2019 the company had a P/E ratio of 26.0.

P/E ratio history for Rovio Entertainment from 2017 to 2022

PE ratio at the end of each year

Year P/E ratio Change
201926.099.72%
201813.0-61.28%
201733.6

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.