VakฤฑfBank
VAKBN.IS
#3084
Rank
$2.77 B
Marketcap
$0.39
Share price
-2.55%
Change (1 day)
8.33%
Change (1 year)

P/E ratio for VakฤฑfBank (VAKBN.IS)

P/E ratio as of October 2022 (TTM): 2.33

According to VakฤฑfBank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.32791. 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
20212.728.09%
20202.51-36.47%
20193.9584.33%
20182.15-50.15%
20174.3010.42%
20163.90-24.89%
20155.19-22.53%
20146.7012.45%
20135.96-26.42%
20128.1081.38%
20114.46-48.51%
20108.6714.3%
20097.58133.38%
20083.25-66.71%
20079.7689.37%
20065.15

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.