P/E ratio for Italtile (ITE.JO)
P/E ratio at the end of 2022: 8.59
According to Italtile's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.54496. At the end of 2022 the company had a P/E ratio of 8.59.
P/E ratio history for Italtile from 2002 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.59 | -3.38% |
| 2021 | 8.89 | -29.29% |
| 2020 | 12.6 | 14.5% |
| 2019 | 11.0 | 6.48% |
| 2018 | 10.3 | 4.88% |
| 2017 | 9.83 | -18.25% |
| 2016 | 12.0 | 23.71% |
| 2015 | 9.72 | 11.66% |
| 2014 | 8.71 | 29.85% |
| 2013 | 6.70 | 11.56% |
| 2012 | 6.01 | 34.51% |
| 2011 | 4.47 | 5.41% |
| 2010 | 4.24 | 22.52% |
| 2009 | 3.46 | -10.91% |
| 2008 | 3.88 | -45.78% |
| 2007 | 7.16 | 27.7% |
| 2006 | 5.61 | 37.28% |
| 2005 | 4.09 | 31.05% |
| 2004 | 3.12 | -66.03% |
| 2003 | 9.18 | 21.22% |
| 2002 | 7.57 |
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.