P/E ratio for Salzgitter (SZG.F)
P/E ratio as of April 2023 (TTM): 1.67
According to Salzgitter's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 1.67233. At the end of 2021 the company had a P/E ratio of 2.97.
P/E ratio history for Salzgitter from 2010 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 2.97 | -170.4% |
| 2020 | -4.22 | -6.07% |
| 2019 | -4.49 | -190.85% |
| 2018 | 4.94 | -63.58% |
| 2017 | 13.6 | -59.54% |
| 2016 | 33.5 | -230.82% |
| 2015 | -25.6 | -30.25% |
| 2014 | -36.7 | 980% |
| 2013 | -3.40 | -84.12% |
| 2012 | -21.4 | -339.28% |
| 2011 | 8.96 | -91.35% |
| 2010 | 103 | -1170.8% |
| 2009 | -9.66 | -312.76% |
| 2008 | 4.54 | -28.05% |
| 2007 | 6.31 | 67.81% |
| 2006 | 3.76 | 16.25% |
| 2005 | 3.24 | -9.57% |
| 2004 | 3.58 | -78.71% |
| 2003 | 16.8 | 192.67% |
| 2002 | 5.74 | 37.11% |
| 2001 | 4.19 |
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.