P/E ratio for Sjóvá-Almennar tryggingar (SJOVA.IC)
P/E ratio as of May 2024 (TTM): 16.9
According to Sjóvá-Almennar tryggingar's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.8597. At the end of 2023 the company had a P/E ratio of 10.1.
P/E ratio history for Sjóvá-Almennar tryggingar from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 10.1 | -32.63% |
| 2022 | 15.0 | 188.87% |
| 2021 | 5.18 | -24.66% |
| 2020 | 6.87 | 3.63% |
| 2019 | 6.63 | -77.9% |
| 2018 | 30.0 | 117.02% |
| 2017 | 13.8 | 61.27% |
| 2016 | 8.57 | -71.59% |
| 2015 | 30.2 | 66.61% |
| 2014 | 18.1 |
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.