P/E ratio for Voya Financial (VOYA)
P/E ratio as of September 2023 (TTM): 10.8
According to Voya Financial 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.7684. At the end of 2021 the company had a P/E ratio of 3.78.
P/E ratio history for Voya Financial from 2013 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 3.78 | -107.71% |
| 2020 | -49.0 | 139.5% |
| 2019 | -20.5 | -368.15% |
| 2018 | 7.63 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Aflac AFL | 10.2 | -4.88% | 🇺🇸 USA |
 Manulife Financial MFC | 8.61 | -20.02% | 🇨🇦 Canada |
 Reinsurance Group of America
RGA | 9.43 | -12.46% | 🇺🇸 USA |
 CNO Financial Group
CNO | 12.4 | 15.43% | 🇺🇸 USA |
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.