P/E ratio for Scatec ASA (SCATC.OL)
P/E ratio as of May 2024 (TTM): -55.8
According to Scatec ASA's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -55.7996. At the end of 2022 the company had a P/E ratio of -9.36.
P/E ratio history for Scatec ASA from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -9.36 | -115.07% |
| 2021 | 62.1 | -162.57% |
| 2020 | -99.2 | -75.21% |
| 2019 | -400 | -810.96% |
| 2018 | 56.3 | 267.13% |
| 2017 | 15.3 | -98.01% |
| 2016 | 770 | 1321.54% |
| 2015 | 54.2 | -142.62% |
| 2014 | -127 |
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.