Topdanmark
TOP.CO
#2797
Rank
$4.72 B
Marketcap
$53.18
Share price
-0.93%
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 July 2024 (TTM): 14.2

According to Topdanmark's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.1838. At the end of 2022 the company had a P/E ratio of 15.7.

P/E ratio history for Topdanmark from 2010 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202215.74.71%
202115.0-26.56%
202020.511.01%
201918.4-6.48%
201819.748.64%
201713.324.36%
201610.7-36.29%
201516.820.49%
201413.921.7%
201311.432.32%
20128.63-28.23%
201112.025.92%
20109.5525.29%
20097.62-113.43%
2008-56.8-677%
20079.84-4.23%
200610.313.65%
20059.04-23.01%
200411.748.66%
20037.90-57.61%
200218.6

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.