Norsk Hydro
NHY.OL
#1437
Rank
S$16.57 B
Marketcap
$8.34
Share price
-3.43%
Change (1 day)
10.02%
Change (1 year)
Categories

P/E ratio for Norsk Hydro (NHY.OL)

P/E ratio as of November 2024 (TTM): 21.4

According to Norsk Hydro 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.3794. At the end of 2022 the company had a P/E ratio of 6.22.

P/E ratio history for Norsk Hydro from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20226.22-47%
202111.7-73.48%
202044.3-220.17%
2019-36.9-299.38%
201818.527.49%
201714.59.54%
201613.2-60.84%
201533.8-68.93%
2014109-280.9%
2013-60.233.12%
2012-45.2-704.35%
20117.48-75.43%
201030.4-84.4%
2009195-2568.26%
2008-7.90-269.24%
20074.6714.44%
20064.0823.08%
20053.3215.82%
20042.8610.41%
20032.596.85%
20022.43-20.67%
20013.06

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.