P/E ratio for SalMar ASA (SALM.OL)
P/E ratio as of May 2024 (TTM): 65.4
According to SalMar ASA's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 65.3508. At the end of 2022 the company had a P/E ratio of 13.9.
P/E ratio history for SalMar ASA from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.9 | -48.24% |
| 2021 | 26.9 | -6.49% |
| 2020 | 28.7 | 41.13% |
| 2019 | 20.4 | 50.15% |
| 2018 | 13.6 | 11.24% |
| 2017 | 12.2 | 11.02% |
| 2016 | 11.0 | -30.2% |
| 2015 | 15.7 | 31.44% |
| 2014 | 12.0 | 155.78% |
| 2013 | 4.68 | -57.37% |
| 2012 | 11.0 | -51.33% |
| 2011 | 22.6 | 236.7% |
| 2010 | 6.70 | -33.3% |
| 2009 | 10.0 |
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.