P/E ratio for Veidekke (VEI.OL)
P/E ratio as of April 2024 (TTM): 13.9
According to Veidekke's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.9274. At the end of 2022 the company had a P/E ratio of 12.0.
P/E ratio history for Veidekke from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.0 | -35.85% |
| 2021 | 18.6 | 162.28% |
| 2020 | 7.10 | -60.18% |
| 2019 | 17.8 | -27.79% |
| 2018 | 24.7 | 133.16% |
| 2017 | 10.6 | -42.53% |
| 2016 | 18.4 | -3.16% |
| 2015 | 19.0 | 62.6% |
| 2014 | 11.7 | -1.65% |
| 2013 | 11.9 | 6.51% |
| 2012 | 11.2 | 38.6% |
| 2011 | 8.06 | -60.07% |
| 2010 | 20.2 | 50.02% |
| 2009 | 13.5 |
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.