P/E ratio for Icelandair (ICEAIR.IC)
P/E ratio as of May 2024 (TTM): 9.51
According to Icelandair's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.50891. At the end of 2022 the company had a P/E ratio of -601.
P/E ratio history for Icelandair from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -601 | 14065.85% |
| 2021 | -4.24 | 1582.42% |
| 2020 | -0.2520 | -95.32% |
| 2019 | -5.38 | -23.34% |
| 2018 | -7.02 | -136.93% |
| 2017 | 19.0 | 66.45% |
| 2016 | 11.4 | -6.55% |
| 2015 | 12.2 | -3.09% |
| 2014 | 12.6 | -10.12% |
| 2013 | 14.0 | 80.68% |
| 2012 | 7.77 | 17228.37% |
| 2011 | 0.0448 | -94.29% |
| 2010 | 0.7847 | -331.25% |
| 2009 | -0.3393 |
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.