VakฤฑfBank
VAKBN.IS
#2843
Rank
$4.69 B
Marketcap
$0.70
Share price
1.84%
Change (1 day)
33.00%
Change (1 year)

P/E ratio for VakฤฑfBank (VAKBN.IS)

P/E ratio as of November 2024 (TTM): 4.36

According to VakฤฑfBank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.35721. At the end of 2022 the company had a P/E ratio of 2.97.

P/E ratio history for VakฤฑfBank from 2009 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20222.979.57%
20212.718.04%
20202.51-38.38%
20194.0789.52%
20182.15-50.15%
20174.3010.42%
20163.90-24.58%
20155.17-23.17%
20146.7314.7%
20135.86-27.57%
20128.1078.32%
20114.54-47.36%
20108.636.36%
20098.11

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.