P/E ratio for Hagar hf. (HAGA.IC)
P/E ratio as of May 2024 (TTM): 17.4
According to Hagar hf.'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.4367. At the end of 2023 the company had a P/E ratio of 15.7.
P/E ratio history for Hagar hf. from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 15.7 | -22.26% |
| 2022 | 20.2 | -23.78% |
| 2021 | 26.5 | 44.72% |
| 2020 | 18.3 | -13.22% |
| 2019 | 21.1 | 4.87% |
| 2018 | 20.1 | 45.61% |
| 2017 | 13.8 | -10.99% |
| 2016 | 15.5 | 14.97% |
| 2015 | 13.5 | 10.18% |
| 2014 | 12.2 | 18.18% |
| 2013 | 10.4 | 22.93% |
| 2012 | 8.43 |
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.