P/E ratio for SKF (Svenska Kullagerfabriken) (SKF-B.ST)
P/E ratio as of May 2024 (TTM): 15.3
According to SKF (Svenska Kullagerfabriken)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.271. At the end of 2022 the company had a P/E ratio of 16.2.
P/E ratio history for SKF (Svenska Kullagerfabriken) from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.2 | 21.77% |
| 2021 | 13.3 | -41.06% |
| 2020 | 22.6 | 45.61% |
| 2019 | 15.5 | 88.68% |
| 2018 | 8.23 | -45.72% |
| 2017 | 15.2 | -20.77% |
| 2016 | 19.1 | 18.81% |
| 2015 | 16.1 | -1.34% |
| 2014 | 16.3 | -80.65% |
| 2013 | 84.3 | 414.86% |
| 2012 | 16.4 | 52.05% |
| 2011 | 10.8 | -36.56% |
| 2010 | 17.0 | -50.39% |
| 2009 | 34.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 RBC Bearings RBC | 45.8 | 199.91% | 🇺🇸 USA |
 Timken Company
TKR | 14.6 | -4.67% | 🇺🇸 USA |
 SKF (Svenska Kullagerfabriken) SKF-B.ST | 15.3 | 0.00% | 🇸🇪 Sweden |
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.