P/E ratio for SSAB (SSAB-B.ST)
P/E ratio as of April 2024 (TTM): -3.27
According to SSAB's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -3.26537. At the end of 2022 the company had a P/E ratio of -5.13.
P/E ratio history for SSAB from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -5.13 | -260.25% |
| 2021 | 3.20 | -106.12% |
| 2020 | -52.4 | -278.42% |
| 2019 | 29.3 | 305.63% |
| 2018 | 7.23 | -55.93% |
| 2017 | 16.4 | -45.83% |
| 2016 | 30.3 | -244.54% |
| 2015 | -21.0 | 60.72% |
| 2014 | -13.0 | -0.07% |
| 2013 | -13.1 | -101.25% |
| 2012 | > 1000 | 9234.29% |
| 2011 | 11.2 | -81.27% |
| 2010 | 59.7 | -259.75% |
| 2009 | -37.3 |
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.