P/E ratio for NIBE Industrier (NIBE-B.ST)
P/E ratio as of May 2024 (TTM): 24.3
According to NIBE Industrier's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.3103. At the end of 2022 the company had a P/E ratio of 45.0.
P/E ratio history for NIBE Industrier from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 45.0 | -45.76% |
| 2021 | 82.9 | 74.55% |
| 2020 | 47.5 | 25.72% |
| 2019 | 37.8 | 69.8% |
| 2018 | 22.2 | -4.35% |
| 2017 | 23.3 | -5.1% |
| 2016 | 24.5 | -3.36% |
| 2015 | 25.4 | 12.21% |
| 2014 | 22.6 | 21.41% |
| 2013 | 18.6 | 32.11% |
| 2012 | 14.1 | -4.67% |
| 2011 | 14.8 | -16% |
| 2010 | 17.6 | 48.91% |
| 2009 | 11.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 SPX Corporation SPXC | 116 | 376.75% | 🇺🇸 USA |
 NIBE Industrier NIBE-B.ST | 24.3 | 0.00% | 🇸🇪 Sweden |
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.