P/E ratio for Solar A/S (SOLAR-B.CO)
P/E ratio as of May 2024 (TTM): 5.13
According to Solar A/S's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.13005. At the end of 2022 the company had a P/E ratio of 6.86.
P/E ratio history for Solar A/S from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.86 | -37.24% |
| 2021 | 10.9 | -7.63% |
| 2020 | 11.8 | -65.09% |
| 2019 | 33.9 | 120.59% |
| 2018 | 15.4 | -90.21% |
| 2017 | 157 | 618.11% |
| 2016 | 21.9 | 7.05% |
| 2015 | 20.4 | -310.06% |
| 2014 | -9.72 | -107.47% |
| 2013 | 130 | 635.17% |
| 2012 | 17.7 | -11.5% |
| 2011 | 20.0 | 10.39% |
| 2010 | 18.1 | -41.12% |
| 2009 | 30.8 |
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.