P/E ratio for YIT (YIT.HE)
P/E ratio as of September 2023 (TTM): 32.3
According to YIT's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 32.3424. At the end of 2020 the company had a P/E ratio of 37.9.
P/E ratio history for YIT from 2010 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2020 | 37.9 | -55.44% |
| 2019 | 85.1 | 210.2% |
| 2018 | 27.4 | 93.9% |
| 2017 | 14.2 | -111.19% |
| 2016 | -127 | -1018.24% |
| 2015 | 13.8 | 41.96% |
| 2014 | 9.70 | -46.51% |
| 2013 | 18.1 | 119.35% |
| 2012 | 8.27 | -14.38% |
| 2011 | 9.66 | -24.9% |
| 2010 | 12.9 | -38.92% |
| 2009 | 21.1 | 525.05% |
| 2008 | 3.37 | -48.56% |
| 2007 | 6.55 | -44.95% |
| 2006 | 11.9 | 7.44% |
| 2005 | 11.1 | 6.98% |
| 2004 | 10.4 | -18.3% |
| 2003 | 12.7 | 45.56% |
| 2002 | 8.71 |
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.