P/E ratio for Snam (SRG.MI)
P/E ratio as of April 2024 (TTM): 21.0
According to Snam's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.0419. At the end of 2022 the company had a P/E ratio of 22.4.
P/E ratio history for Snam from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 22.4 | 92.92% |
| 2021 | 11.6 | -15.2% |
| 2020 | 13.7 | -3.67% |
| 2019 | 14.2 | 2.78% |
| 2018 | 13.8 | -11.38% |
| 2017 | 15.6 | -1.73% |
| 2016 | 15.8 | 12.22% |
| 2015 | 14.1 | 19.51% |
| 2014 | 11.8 | -22.21% |
| 2013 | 15.2 | -2.74% |
| 2012 | 15.6 | 5.6% |
| 2011 | 14.8 | 30.06% |
| 2010 | 11.4 |
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.