P/E ratio for Witbe S.A. (ALWIT.PA)
P/E ratio at the end of 2022: 42.2
According to Witbe S.A.'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0. At the end of 2022 the company had a P/E ratio of 42.2.
P/E ratio history for Witbe S.A. from 2016 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 42.2 | 208.83% |
| 2021 | 13.7 | -192.82% |
| 2020 | -14.7 | -182.01% |
| 2019 | 17.9 | -165.29% |
| 2018 | -27.5 | 248.02% |
| 2017 | -7.89 | -101.76% |
| 2016 | 449 |
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.