Tryg
TRYG.CO
#1286
Rank
$13.35 B
Marketcap
$21.70
Share price
-1.43%
Change (1 day)
-1.61%
Change (1 year)

P/E ratio for Tryg (TRYG.CO)

P/E ratio as of June 2024 (TTM): 27.5

According to Tryg's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.4928. At the end of 2022 the company had a P/E ratio of 47.7.

P/E ratio history for Tryg from 2009 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202247.788.35%
202125.355.51%
202016.3-39.61%
201926.9-27.1%
201837.069.01%
201721.919.59%
201618.3-28.44%
201525.526.12%
201420.318.44%
201317.112.74%
201215.2-30.04%
201121.7-37.73%
201034.8150.69%
200913.9

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.