P/E ratio for Sasa Polyester (SASA.IS)
P/E ratio as of May 2024 (TTM): 22.5
According to Sasa Polyester's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.4955. At the end of 2022 the company had a P/E ratio of 17.9.
P/E ratio history for Sasa Polyester from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.9 | -78.92% |
| 2021 | 84.9 | 69.58% |
| 2020 | 50.0 | 732.06% |
| 2019 | 6.01 | -24.38% |
| 2018 | 7.95 | -61.41% |
| 2017 | 20.6 | 177.32% |
| 2016 | 7.43 | 16.84% |
| 2015 | 6.36 | 8.63% |
| 2014 | 5.86 | -80.4% |
| 2013 | 29.9 | -442.19% |
| 2012 | -8.73 | -231.66% |
| 2011 | 6.63 |
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.