P/E ratio for Tryg (TRYG.CO)
P/E ratio as of April 2024 (TTM): 25.0
According to Tryg's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 25.0446. 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 |
|---|---|---|
| 2022 | 47.7 | 88.35% |
| 2021 | 25.3 | 55.51% |
| 2020 | 16.3 | -39.61% |
| 2019 | 26.9 | -27.1% |
| 2018 | 37.0 | 69.01% |
| 2017 | 21.9 | 19.59% |
| 2016 | 18.3 | -28.44% |
| 2015 | 25.5 | 26.12% |
| 2014 | 20.3 | 18.44% |
| 2013 | 17.1 | 12.74% |
| 2012 | 15.2 | -30.04% |
| 2011 | 21.7 | -37.73% |
| 2010 | 34.8 | 150.69% |
| 2009 | 13.9 |
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.