P/E ratio for VakฤฑfBank (VAKBN.IS)
P/E ratio as of April 2023 (TTM): 2.52
According to VakฤฑfBank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.51924. At the end of 2021 the company had a P/E ratio of 2.72.
P/E ratio history for VakฤฑfBank from 2010 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 2.72 | 8.31% |
| 2020 | 2.51 | -36.61% |
| 2019 | 3.95 | 84.33% |
| 2018 | 2.15 | -50.15% |
| 2017 | 4.30 | 10.42% |
| 2016 | 3.90 | -24.89% |
| 2015 | 5.19 | -22.53% |
| 2014 | 6.70 | 12.45% |
| 2013 | 5.96 | -26.42% |
| 2012 | 8.10 | 81.38% |
| 2011 | 4.46 | -48.51% |
| 2010 | 8.67 | 14.3% |
| 2009 | 7.58 | 133.38% |
| 2008 | 3.25 | -66.71% |
| 2007 | 9.76 | 89.37% |
| 2006 | 5.15 |
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.