According to Totens Sparebank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 37.8265. At the end of 2022 the company had a P/E ratio of 54.0.
Year | P/E ratio | Change |
---|---|---|
2022 | 54.0 | 18.79% |
2021 | 45.5 | 24.61% |
2020 | 36.5 | 65.88% |
2019 | 22.0 | -14.32% |
2018 | 25.7 | 272.71% |
2017 | 6.89 | 0.81% |
2016 | 6.83 | 54.86% |
2015 | 4.41 | 4.97% |
2014 | 4.20 | -12.49% |
2013 | 4.80 | 34.15% |
2012 | 3.58 | -27.76% |
2011 | 4.96 | 46.33% |
2010 | 3.39 | -12.13% |
2009 | 3.85 |
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.