P/E ratio for Terna (TRN.MI)
P/E ratio as of April 2024 (TTM): 17.0
According to Terna's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.0425. At the end of 2022 the company had a P/E ratio of 16.2.
P/E ratio history for Terna from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.2 | -10.72% |
| 2021 | 18.1 | 18.83% |
| 2020 | 15.2 | -3.67% |
| 2019 | 15.8 | 9.62% |
| 2018 | 14.4 | 1.91% |
| 2017 | 14.1 | 2.38% |
| 2016 | 13.8 | -13.93% |
| 2015 | 16.1 | 15.66% |
| 2014 | 13.9 | -2.35% |
| 2013 | 14.2 | 6.67% |
| 2012 | 13.3 | 12.06% |
| 2011 | 11.9 | 14.77% |
| 2010 | 10.4 | 31.58% |
| 2009 | 7.87 |
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.