P/E ratio for TietoEVRY (TIETO.HE)
P/E ratio as of April 2024 (TTM): 11.5
According to TietoEVRY's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.5397. At the end of 2022 the company had a P/E ratio of 16.7.
P/E ratio history for TietoEVRY from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.7 | 49.31% |
| 2021 | 11.2 | -66.73% |
| 2020 | 33.6 | 23.54% |
| 2019 | 27.2 | 89.58% |
| 2018 | 14.3 | -19.44% |
| 2017 | 17.8 | -0.46% |
| 2016 | 17.9 | -11.05% |
| 2015 | 20.1 | -54.22% |
| 2014 | 43.9 | 129.64% |
| 2013 | 19.1 | -47.36% |
| 2012 | 36.3 | 177.33% |
| 2011 | 13.1 | |
| 2009 | 18.8 |
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.