P/E ratio for VIP Gloves (VIP.AX)
P/E ratio at the end of 2021: 6.54
According to VIP Gloves's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0.430785. At the end of 2021 the company had a P/E ratio of 6.54.
P/E ratio history for VIP Gloves from 2001 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 6.54 | -96.52% |
| 2020 | 188 | -5414.57% |
| 2019 | -3.53 | -31.97% |
| 2018 | -5.19 | -19.33% |
| 2017 | -6.44 | -98.64% |
| 2016 | -473 | 484.34% |
| 2015 | -80.9 | -23.29% |
| 2014 | -105 | -226.02% |
| 2013 | 83.7 | |
| 2011 | -51.6 | 92.33% |
| 2010 | -26.8 | 396.54% |
| 2009 | -5.40 | -16.09% |
| 2008 | -6.44 | 1427.89% |
| 2007 | -0.4212 | -121.89% |
| 2006 | 1.92 | -1298.83% |
| 2005 | -0.1606 | -75.04% |
| 2004 | -0.6431 | -66.88% |
| 2003 | -1.94 | -117.11% |
| 2002 | 11.3 | -665.51% |
| 2001 | -2.01 |
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.