P/E ratio for Saipem (SPM.MI)
P/E ratio as of May 2024 (TTM): -0.4545
According to Saipem's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.454522. At the end of 2021 the company had a P/E ratio of -14.1.
P/E ratio history for Saipem from 2010 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -14.1 | -61.4% |
| 2020 | -36.4 | -100.53% |
| 2019 | > 1000 | -5323.87% |
| 2018 | -131 | -40.19% |
| 2017 | -220 | 322.14% |
| 2016 | -52.0 | -6.94% |
| 2015 | -55.9 | -82.4% |
| 2014 | -318 | -61.05% |
| 2013 | -815 | -309.9% |
| 2012 | 388 | -6.94% |
| 2011 | 417 | -54.04% |
| 2010 | 908 |
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.