P/E ratio for Schindler Group (SCHN.SW)
P/E ratio as of April 2024 (TTM): 31.5
According to Schindler Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 31.4867. At the end of 2022 the company had a P/E ratio of 29.4.
P/E ratio history for Schindler Group from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 29.4 | -7.32% |
| 2021 | 31.7 | -10.53% |
| 2020 | 35.5 | 20.25% |
| 2019 | 29.5 | 36.06% |
| 2018 | 21.7 | -24.28% |
| 2017 | 28.6 | 14.93% |
| 2016 | 24.9 | -7.41% |
| 2015 | 26.9 | 46.07% |
| 2014 | 18.4 | -47.36% |
| 2013 | 35.0 | 63.41% |
| 2012 | 21.4 | -9.49% |
| 2011 | 23.7 | 20.34% |
| 2010 | 19.7 | 31.89% |
| 2009 | 14.9 |
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.