P/E ratio for Telenor (TEL.OL)
P/E ratio as of April 2024 (TTM): 2.59
According to Telenor's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.59418. At the end of 2022 the company had a P/E ratio of 2.86.
P/E ratio history for Telenor from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.86 | -97.75% |
| 2021 | 127 | 975.47% |
| 2020 | 11.8 | -59.68% |
| 2019 | 29.3 | 73.13% |
| 2018 | 16.9 | -22.98% |
| 2017 | 22.0 | -67.79% |
| 2016 | 68.3 | 4.48% |
| 2015 | 65.3 | 159.6% |
| 2014 | 25.2 | 0.07% |
| 2013 | 25.1 | 25.18% |
| 2012 | 20.1 | -8.87% |
| 2011 | 22.0 | 101.85% |
| 2010 | 10.9 | -29.66% |
| 2009 | 15.5 | 162.25% |
| 2008 | 5.92 | -50.89% |
| 2007 | 12.1 | -3.4% |
| 2006 | 12.5 | -2.94% |
| 2005 | 12.9 | |
| 2001 | -13.9 |
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.