P/E ratio for Sandvik (SAND.ST)
P/E ratio as of May 2024 (TTM): 18.5
According to Sandvik's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.5477. At the end of 2022 the company had a P/E ratio of 21.1.
P/E ratio history for Sandvik from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 21.1 | -3.81% |
| 2021 | 21.9 | -24.14% |
| 2020 | 28.9 | 7.84% |
| 2019 | 26.8 | 115.32% |
| 2018 | 12.4 | -9.2% |
| 2017 | 13.7 | -46.52% |
| 2016 | 25.6 | -37.74% |
| 2015 | 41.1 | 157.93% |
| 2014 | 15.9 | -29.66% |
| 2013 | 22.7 | 40.05% |
| 2012 | 16.2 | -9.68% |
| 2011 | 17.9 | -23.43% |
| 2010 | 23.4 | -160.42% |
| 2009 | -38.7 |
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.