P/E ratio for Salzgitter (SZG.F)
P/E ratio as of April 2024 (TTM): 2.65
According to Salzgitter's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.65254. At the end of 2022 the company had a P/E ratio of 1.45.
P/E ratio history for Salzgitter from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 1.45 | -51.06% |
| 2021 | 2.97 | -170.6% |
| 2020 | -4.21 | -6.25% |
| 2019 | -4.49 | -190.85% |
| 2018 | 4.94 | -63.58% |
| 2017 | 13.6 | -59.61% |
| 2016 | 33.6 | -260.09% |
| 2015 | -21.0 | -42.9% |
| 2014 | -36.7 | 981.19% |
| 2013 | -3.40 | -84.14% |
| 2012 | -21.4 | -339.28% |
| 2011 | 8.96 | -92.31% |
| 2010 | 116 | -1305.01% |
| 2009 | -9.66 |
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.