P/E ratio for Söktas Tekstil (SKTAS.IS)
P/E ratio as of April 2024 (TTM): -4.41
According to Söktas Tekstil's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -4.40556. At the end of 2022 the company had a P/E ratio of -11.7.
P/E ratio history for Söktas Tekstil from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -11.7 | -47.13% |
| 2021 | -22.2 | 123.47% |
| 2020 | -9.94 | -56.35% |
| 2019 | -22.8 | 1006.18% |
| 2018 | -2.06 | -51.63% |
| 2017 | -4.26 | -39.73% |
| 2016 | -7.06 | -13.35% |
| 2015 | -8.15 | -2.1% |
| 2014 | -8.33 | 100.33% |
| 2013 | -4.16 | -56.14% |
| 2012 | -9.48 | -135.96% |
| 2011 | 26.4 |
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.