P/E ratio for Sidetrade (ALBFR.PA)
P/E ratio at the end of 2023: 41.8
According to Sidetrade's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 60.3281. At the end of 2023 the company had a P/E ratio of 41.8.
P/E ratio history for Sidetrade from 2008 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 41.8 | -36.46% |
| 2022 | 65.8 | 32.4% |
| 2021 | 49.7 | 15.65% |
| 2020 | 42.9 | 1.54% |
| 2019 | 42.3 | 37.07% |
| 2018 | 30.9 | -27.24% |
| 2017 | 42.4 | 18.21% |
| 2016 | 35.9 | 50.91% |
| 2015 | 23.8 | 4.33% |
| 2014 | 22.8 | 49.36% |
| 2013 | 15.3 | 11.54% |
| 2012 | 13.7 | -19.6% |
| 2011 | 17.0 | 8.46% |
| 2010 | 15.7 | -1.7% |
| 2009 | 16.0 | 7.71% |
| 2008 | 14.8 |
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.