P/E ratio for Spark New Zealand (NZTCF)
P/E ratio at the end of 2022: 21.9
According to Spark New Zealand 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.8138. At the end of 2022 the company had a P/E ratio of 21.9.
P/E ratio history for Spark New Zealand from 2012 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 21.9 | -5.59% |
| 2021 | 23.2 | 25.55% |
| 2020 | 18.4 | 3.17% |
| 2019 | 17.9 | -6.65% |
| 2018 | 19.1 | 8.53% |
| 2017 | 17.6 | 0.87% |
| 2016 | 17.5 | 11.5% |
| 2015 | 15.7 | 37.37% |
| 2014 | 11.4 | -43.42% |
| 2013 | 20.2 | 295.92% |
| 2012 | 5.10 |
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.