P/E ratio for Tesco (TSCDF)
P/E ratio at the end of 2023: 25.2
According to Tesco's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.4508. At the end of 2023 the company had a P/E ratio of 25.2.
P/E ratio history for Tesco from 2008 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 25.2 | 74.11% |
| 2022 | 14.5 | 309.35% |
| 2021 | 3.54 | -83.94% |
| 2020 | 22.1 | 33.37% |
| 2019 | 16.5 | 19.95% |
| 2018 | 13.8 | -103.59% |
| 2017 | -384 | -454.75% |
| 2016 | 108 | -3240.05% |
| 2015 | -3.45 | -112.51% |
| 2014 | 27.6 | -88.19% |
| 2013 | 233 | 2478.34% |
| 2012 | 9.05 | -25.35% |
| 2011 | 12.1 | -18.45% |
| 2010 | 14.9 | 23.08% |
| 2009 | 12.1 | -21.15% |
| 2008 | 15.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Kroger KR | 24.8 | -15.67% | 🇺🇸 USA |
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.