Topdanmark
TOP.CO
#3086
Rank
$3.79 B
Marketcap
$42.71
Share price
0.34%
Change (1 day)
-17.83%
Change (1 year)
Topdanmarks is a Danish insurance company that provides life and non-life insurance.

P/E ratio for Topdanmark (TOP.CO)

P/E ratio as of March 2024 (TTM): 11.4

According to Topdanmark's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.4187. At the end of 2022 the company had a P/E ratio of 16.2.

P/E ratio history for Topdanmark from 2010 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202216.212.34%
202114.4-20.28%
202018.1-0.89%
201918.2-3.01%
201818.855.96%
201712.09.38%
201611.0-34.6%
201516.832.18%
201412.739.25%
20139.1526.85%
20127.21-29.51%
201110.233.99%
20107.6414.6%
20096.66

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.