P/E ratio for Voestalpine (VAS.F)
P/E ratio as of April 2024 (TTM): 6.71
According to Voestalpine's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.7076. At the end of 2022 the company had a P/E ratio of 3.12.
P/E ratio history for Voestalpine from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.12 | -52.81% |
| 2021 | 6.61 | -125.51% |
| 2020 | -25.9 | -93.74% |
| 2019 | -414 | -4600% |
| 2018 | 9.20 | -27.66% |
| 2017 | 12.7 | -16.5% |
| 2016 | 15.2 | 94.19% |
| 2015 | 7.84 | -24.81% |
| 2014 | 10.4 | -27.55% |
| 2013 | 14.4 | -11.56% |
| 2012 | 16.3 | 132.67% |
| 2011 | 7.00 | -48.38% |
| 2010 | 13.6 |
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.