P/E ratio for VakฤฑfBank (VAKBN.IS)
P/E ratio as of April 2024 (TTM): 3.54
According to VakฤฑfBank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.53567. 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 |
|---|---|---|
| 2022 | 2.97 | 9.57% |
| 2021 | 2.71 | 8.04% |
| 2020 | 2.51 | -38.38% |
| 2019 | 4.07 | 89.52% |
| 2018 | 2.15 | -50.15% |
| 2017 | 4.30 | 10.42% |
| 2016 | 3.90 | -24.58% |
| 2015 | 5.17 | -23.17% |
| 2014 | 6.73 | 14.7% |
| 2013 | 5.86 | -27.57% |
| 2012 | 8.10 | 78.32% |
| 2011 | 4.54 | -47.36% |
| 2010 | 8.63 | 6.36% |
| 2009 | 8.11 |
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.