Topdanmarks
TQ71.F
#2384
Rank
$4.19 B
Marketcap
$47.21
Share price
-1.29%
Change (1 day)
-7.56%
Change (1 year)
Topdanmarks is a Danish insurance company that provides life and non-life insurance.

P/E ratio for Topdanmarks (TQ71.F)

P/E ratio as of September 2022 (TTM): 21.2

According to Topdanmarks's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.2335. At the end of 2021 the company had a P/E ratio of 12.8.

P/E ratio history for Topdanmarks from 2010 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202112.8-19.37%
202015.8-1.67%
201916.1-3.15%
201816.656.34%
201710.69.38%
20169.72-36.4%
201515.336.63%
201411.239.2%
20138.0426.64%
20126.35-29.74%
20119.0333.42%
20106.7714.24%
20095.93

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.