P/E ratio for The Company for Cooperative Insurance (8010.SR)
P/E ratio as of May 2024 (TTM): 44.2
According to The Company for Cooperative Insurance's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 44.1544. At the end of 2022 the company had a P/E ratio of 25.4.
P/E ratio history for The Company for Cooperative Insurance from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 25.4 | -30.19% |
| 2021 | 36.4 | 42.91% |
| 2020 | 25.5 | 5.53% |
| 2019 | 24.1 | -189.08% |
| 2018 | -27.1 | -66.03% |
| 2017 | -79.7 | -691.62% |
| 2016 | 13.5 | 4.65% |
| 2015 | 12.9 | 44.54% |
| 2014 | 8.91 | -250.46% |
| 2013 | -5.92 | -154.93% |
| 2012 | 10.8 | 22.47% |
| 2011 | 8.80 |
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.