P/E ratio for Harvey Norman (HVN.AX)
P/E ratio at the end of 2022: 5.55
According to Harvey Norman's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.48268. At the end of 2022 the company had a P/E ratio of 5.55.
P/E ratio history for Harvey Norman from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.55 | -21.16% |
| 2021 | 7.04 | -17.64% |
| 2020 | 8.55 | -22.05% |
| 2019 | 11.0 | 24.53% |
| 2018 | 8.81 | 5.84% |
| 2017 | 8.32 | -33.94% |
| 2016 | 12.6 | -21.99% |
| 2015 | 16.2 | 48.73% |
| 2014 | 10.9 | -17.45% |
| 2013 | 13.2 | 69.52% |
| 2012 | 7.76 | 21.06% |
| 2011 | 6.41 | -47.33% |
| 2010 | 12.2 | -1.58% |
| 2009 | 12.4 | 95.59% |
| 2008 | 6.32 | -40.26% |
| 2007 | 10.6 | -33.23% |
| 2006 | 15.8 | 0.13% |
| 2005 | 15.8 | -7.79% |
| 2004 | 17.2 | -1.88% |
| 2003 | 17.5 | -29.06% |
| 2002 | 24.7 | -42.28% |
| 2001 | 42.7 |
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.