P/E ratio for Tessenderlo Group (TESB.BR)
P/E ratio as of April 2024 (TTM): -10.1
According to Tessenderlo Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -10.108. At the end of 2012 the company had a P/E ratio of -3.99.
P/E ratio history for Tessenderlo Group from 2009 to 2013
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2012 | -3.99 | -39.22% |
| 2011 | -6.56 | -118.1% |
| 2010 | 36.2 | -1036.09% |
| 2009 | -3.87 |
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.