P/E ratio for Spar Nord Bank A/S (SPNO.CO)
P/E ratio as of May 2024 (TTM): 6.46
According to Spar Nord Bank A/S's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.46184. At the end of 2022 the company had a P/E ratio of 9.42.
P/E ratio history for Spar Nord Bank A/S from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.42 | 19.39% |
| 2021 | 7.89 | -24.82% |
| 2020 | 10.5 | 32.96% |
| 2019 | 7.89 | 4.62% |
| 2018 | 7.54 | -19.46% |
| 2017 | 9.36 | -22.55% |
| 2016 | 12.1 | 40.71% |
| 2015 | 8.59 | -27.42% |
| 2014 | 11.8 | 3.45% |
| 2013 | 11.4 | -6.87% |
| 2012 | 12.3 | 87.19% |
| 2011 | 6.56 | -79.56% |
| 2010 | 32.1 | 27.26% |
| 2009 | 25.2 |
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.