P/E ratio for Storebrand (STB.OL)
P/E ratio as of April 2024 (TTM): 14.9
According to Storebrand's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.8672. At the end of 2022 the company had a P/E ratio of 15.5.
P/E ratio history for Storebrand from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.5 | 16.96% |
| 2021 | 13.3 | 3.41% |
| 2020 | 12.8 | -17.75% |
| 2019 | 15.6 | 103.39% |
| 2018 | 7.66 | -39.54% |
| 2017 | 12.7 | 30.51% |
| 2016 | 9.71 | -26.95% |
| 2015 | 13.3 | 109.35% |
| 2014 | 6.35 | -26.14% |
| 2013 | 8.59 | -30.44% |
| 2012 | 12.4 | -40.41% |
| 2011 | 20.7 | 56.75% |
| 2010 | 13.2 | -30.45% |
| 2009 | 19.0 |
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.