P/E ratio for Sparebanken Vest (SVEG.OL)
P/E ratio as of May 2024 (TTM): 8.30
According to Sparebanken Vest's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.30305. At the end of 2022 the company had a P/E ratio of 6.75.
P/E ratio history for Sparebanken Vest from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.75 | -11.75% |
| 2021 | 7.65 | 51.33% |
| 2020 | 5.06 | -19.29% |
| 2019 | 6.27 | 34.6% |
| 2018 | 4.66 | -19.29% |
| 2017 | 5.77 | 16.02% |
| 2016 | 4.97 | 19.89% |
| 2015 | 4.15 | 20.1% |
| 2014 | 3.45 | -16% |
| 2013 | 4.11 | 122.23% |
| 2012 | 1.85 | -49.67% |
| 2011 | 3.68 | -15.63% |
| 2010 | 4.36 | 147.64% |
| 2009 | 1.76 |
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.