P/E ratio for Topdanmark (TOP.CO)
P/E ratio as of June 2023 (TTM): 31.1
According to Topdanmark's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 31.14. At the end of 2021 the company had a P/E ratio of 14.0.
P/E ratio history for Topdanmark from 2010 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 14.0 | -19.37% |
| 2020 | 17.4 | -1.67% |
| 2019 | 17.7 | -3.15% |
| 2018 | 18.2 | 56.34% |
| 2017 | 11.7 | 9.38% |
| 2016 | 10.7 | -36.4% |
| 2015 | 16.8 | 36.63% |
| 2014 | 12.3 | 39.2% |
| 2013 | 8.82 | 26.64% |
| 2012 | 6.97 | -29.74% |
| 2011 | 9.91 | 33.42% |
| 2010 | 7.43 | 14.24% |
| 2009 | 6.50 |
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.