P/E ratio for Thyssenkrupp (TKA.F)
P/E ratio as of April 2024 (TTM): 10.5
According to Thyssenkrupp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.5411. At the end of 2022 the company had a P/E ratio of 3.21.
P/E ratio history for Thyssenkrupp from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.21 | -92.64% |
| 2021 | 43.7 | 8366.2% |
| 2020 | 0.5162 | -105.07% |
| 2019 | -10.2 | -91.13% |
| 2018 | -115 | 391.75% |
| 2017 | -23.4 | -158.7% |
| 2016 | 39.8 | -6.74% |
| 2015 | 42.7 | 15.78% |
| 2014 | 36.9 | -702.76% |
| 2013 | -6.11 | 141.32% |
| 2012 | -2.53 | -44.2% |
| 2011 | -4.54 | -125.26% |
| 2010 | 18.0 | -371.8% |
| 2009 | -6.61 |
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.