According to Volvo Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.7498. At the end of 2023 the company had a P/E ratio of 10.9.
Year | P/E ratio | Change |
---|---|---|
2023 | 10.9 | -11.49% |
2022 | 12.3 | -6.65% |
2021 | 13.2 | -35.88% |
2020 | 20.6 | 129.35% |
2019 | 8.97 | -5.21% |
2018 | 9.46 | -37.71% |
2017 | 15.2 | -8.33% |
2016 | 16.6 | 51.87% |
2015 | 10.9 | -86.84% |
2014 | 82.9 | 73.67% |
2013 | 47.7 | 191.11% |
2012 | 16.4 | 93.09% |
2011 | 8.49 | -60.41% |
2010 | 21.5 | -355.35% |
2009 | -8.40 | -194.21% |
2008 | 8.92 | -37.55% |
2007 | 14.3 | 17.89% |
2006 | 12.1 | 6.88% |
2005 | 11.3 | 5.62% |
2004 | 10.7 | -96.44% |
2003 | 302 | 630.3% |
2002 | 41.3 | -185.22% |
2001 | -48.5 |
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.