According to Ercros's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.56579. At the end of 2023 the company had a P/E ratio of 8.96.
Year | P/E ratio | Change |
---|---|---|
2023 | 8.96 | 76.89% |
2022 | 5.06 | -26.91% |
2021 | 6.93 | -80.44% |
2020 | 35.4 | 296.7% |
2019 | 8.93 | 13.73% |
2018 | 7.85 | 8.75% |
2017 | 7.22 | 55.28% |
2016 | 4.65 | -51.06% |
2015 | 9.50 | -239.84% |
2014 | -6.79 | -48.03% |
2013 | -13.1 | 278.17% |
2012 | -3.46 | -95.94% |
2011 | -85.0 | 1364.29% |
2010 | -5.80 | 105.34% |
2009 | -2.83 | -64.29% |
2008 | -7.92 | -20.83% |
2007 | -10.0 | -108.92% |
2006 | 112 | 892.21% |
2005 | 11.3 | -386.34% |
2004 | -3.95 | -494.64% |
2003 | 1.00 |
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.