P/E ratio for Gjensidige Forsikring (GJF.OL)
P/E ratio as of May 2024 (TTM): 20.9
According to Gjensidige Forsikring 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.8915. At the end of 2022 the company had a P/E ratio of 21.5.
P/E ratio history for Gjensidige Forsikring from 2012 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 21.5 | 47.89% |
| 2021 | 14.6 | -4.98% |
| 2020 | 15.3 | 17.8% |
| 2019 | 13.0 | -22.41% |
| 2018 | 16.8 | 7.36% |
| 2017 | 15.6 | 2.27% |
| 2016 | 15.3 | -19.93% |
| 2015 | 19.1 | 45.79% |
| 2014 | 13.1 | 4.37% |
| 2013 | 12.5 | 63.28% |
| 2012 | 7.67 |
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.