P/E ratio for Eik fasteignafélag (EIK.IC)
P/E ratio as of May 2024 (TTM): 4.88
According to Eik fasteignafélag's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.88203. At the end of 2022 the company had a P/E ratio of 5.04.
P/E ratio history for Eik fasteignafélag from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.04 | -40.96% |
| 2021 | 8.54 | -76.96% |
| 2020 | 37.1 | 287.47% |
| 2019 | 9.57 | -15.83% |
| 2018 | 11.4 | 19.27% |
| 2017 | 9.53 | -5.56% |
| 2016 | 10.1 | 70.14% |
| 2015 | 5.93 |
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.