P/E ratio for Tomra (TOM.OL)
P/E ratio as of April 2024 (TTM): 39.0
According to Tomra's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 39.0325. At the end of 2022 the company had a P/E ratio of 47.6.
P/E ratio history for Tomra from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 47.6 | -44.34% |
| 2021 | 85.5 | 6.24% |
| 2020 | 80.5 | 61.05% |
| 2019 | 50.0 | 30.15% |
| 2018 | 38.4 | 20.9% |
| 2017 | 31.8 | 64.26% |
| 2016 | 19.3 | -17.79% |
| 2015 | 23.5 | -0.18% |
| 2014 | 23.6 | 6.36% |
| 2013 | 22.2 | 27.59% |
| 2012 | 17.4 | 11.73% |
| 2011 | 15.5 | -79.97% |
| 2010 | 77.6 | 367.84% |
| 2009 | 16.6 |
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.