P/E ratio for Demant (DEMANT.CO)
P/E ratio at the end of 2022: 19.5
According to Demant's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 36.8106. At the end of 2022 the company had a P/E ratio of 19.5.
P/E ratio history for Demant from 2002 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 19.5 | -29.67% |
| 2021 | 27.7 | -33.23% |
| 2020 | 41.5 | 32.97% |
| 2019 | 31.2 | 42.7% |
| 2018 | 21.9 | 4.72% |
| 2017 | 20.9 | -0.78% |
| 2016 | 21.1 | -6.67% |
| 2015 | 22.6 | 39.77% |
| 2014 | 16.1 | -2.95% |
| 2013 | 16.6 | -8.84% |
| 2012 | 18.2 | 3.85% |
| 2011 | 17.6 | -5.14% |
| 2010 | 18.5 | -5.38% |
| 2009 | 19.6 | 47.05% |
| 2008 | 13.3 | -38.91% |
| 2007 | 21.8 | -9.46% |
| 2006 | 24.1 | 0.12% |
| 2005 | 24.0 | 36.41% |
| 2004 | 17.6 | -1.57% |
| 2003 | 17.9 | 1.52% |
| 2002 | 17.6 |
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.