P/E ratio for Skanska (SKA-B.ST)
P/E ratio as of September 2023 (TTM): 8.83
According to Skanska's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.82797. At the end of 2012 the company had a P/E ratio of 15.7.
P/E ratio history for Skanska from 2010 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2012 | 15.7 | 158.7% |
| 2011 | 6.06 |
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.