P/E ratio for Volvo Group (VOLVF)
P/E ratio as of April 2024 (TTM): 12.8
According to Volvo Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.7651. At the end of 2022 the company had a P/E ratio of 11.6.
P/E ratio history for Volvo Group from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.6 | -6.5% |
| 2021 | 12.4 | -43.57% |
| 2020 | 22.0 | 146.22% |
| 2019 | 8.94 | -2.04% |
| 2018 | 9.13 | -41.69% |
| 2017 | 15.7 | 1.57% |
| 2016 | 15.4 | 43.62% |
| 2015 | 10.7 | -82.59% |
| 2014 | 61.6 | 26.08% |
| 2013 | 48.9 | 196.02% |
| 2012 | 16.5 | 109.53% |
| 2011 | 7.88 | -64.91% |
| 2010 | 22.5 | -352.95% |
| 2009 | -8.88 |
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.