P/E ratio for Türkiye Kalkınma (KLNMA.IS)
P/E ratio as of June 2023 (TTM): 10.8
According to Türkiye Kalkınma's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.8218. At the end of 2021 the company had a P/E ratio of 51.6.
P/E ratio history for Türkiye Kalkınma from 2013 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 51.6 | -31.67% |
| 2020 | 75.5 | -26.04% |
| 2019 | 102 | -99.06% |
| 2018 | > 1000 | 332.36% |
| 2017 | > 1000 | 220.46% |
| 2016 | 784 | -39.64% |
| 2015 | > 1000 | -46.85% |
| 2014 | > 1000 | -21.33% |
| 2013 | > 1000 | -3.33% |
| 2012 | > 1000 | 6590.93% |
| 2011 | 48.0 | -51.12% |
| 2010 | 98.2 | 85.16% |
| 2009 | 53.1 | 258.64% |
| 2008 | 14.8 | -38.67% |
| 2007 | 24.1 | 198.24% |
| 2006 | 8.09 |
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.