P/E ratio for Skel fjárfestingafélag (SKEL.IC)
P/E ratio as of May 2024 (TTM): 5.18
According to Skel fjárfestingafélag's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.1803. At the end of 2023 the company had a P/E ratio of 5.55.
P/E ratio history for Skel fjárfestingafélag from 2017 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 5.55 | 220.01% |
| 2022 | 1.73 | -61.52% |
| 2021 | 4.51 | -80.4% |
| 2020 | 23.0 | 89.58% |
| 2019 | 12.1 | 28.06% |
| 2018 | 9.47 | -22.07% |
| 2017 | 12.2 | 0.56% |
| 2016 | 12.1 |
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.