P/E ratio for Sýn hf. (SYN.IC)
P/E ratio as of May 2024 (TTM): 11.1
According to Sýn hf.'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.0693. At the end of 2022 the company had a P/E ratio of 18.2.
P/E ratio history for Sýn hf. from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 18.2 | 97.09% |
| 2021 | 9.23 | -133.12% |
| 2020 | -27.9 | 369.59% |
| 2019 | -5.93 | -121.14% |
| 2018 | 28.1 | 69.72% |
| 2017 | 16.5 | 13.49% |
| 2016 | 14.6 | -88.14% |
| 2015 | 123 | 12.29% |
| 2014 | 109 | 0.34% |
| 2013 | 109 | -53.33% |
| 2012 | 234 |
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.