P/E ratio for Skanska (SKA-B.ST)
P/E ratio as of April 2024 (TTM): 11.5
According to Skanska's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.5326. At the end of 2022 the company had a P/E ratio of 8.23.
P/E ratio history for Skanska from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.23 | -41.5% |
| 2021 | 14.1 | 60.88% |
| 2020 | 8.75 | -39.34% |
| 2019 | 14.4 | 14.28% |
| 2018 | 12.6 | -25.77% |
| 2017 | 17.0 | 10.33% |
| 2016 | 15.4 | 8.74% |
| 2015 | 14.2 | -21.09% |
| 2014 | 18.0 | 24.91% |
| 2013 | 14.4 | -8.31% |
| 2012 | 15.7 | 158.7% |
| 2011 | 6.06 | -55.62% |
| 2010 | 13.7 | 14.11% |
| 2009 | 12.0 |
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.