P/E ratio for Türkiye Kalkınma (KLNMA.IS)
P/E ratio as of April 2024 (TTM): 14.2
According to Türkiye Kalkınma's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.1853. At the end of 2022 the company had a P/E ratio of 26.3.
P/E ratio history for Türkiye Kalkınma from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 26.3 | -38.4% |
| 2021 | 42.7 | -43.5% |
| 2020 | 75.6 | -12.56% |
| 2019 | 86.5 | -2.95% |
| 2018 | 89.1 | 158.57% |
| 2017 | 34.5 | 38.74% |
| 2016 | 24.8 | -33.52% |
| 2015 | 37.4 | -69.44% |
| 2014 | 122 | -21.19% |
| 2013 | 155 | 14.75% |
| 2012 | 135 |
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.