P/E ratio for YIT (YIT.HE)
P/E ratio as of May 2024 (TTM): 50.7
According to YIT's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 50.7392. At the end of 2022 the company had a P/E ratio of -1.35.
P/E ratio history for YIT from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -1.35 | -100.37% |
| 2021 | 367 | 942.72% |
| 2020 | 35.2 | -52.71% |
| 2019 | 74.5 | 171.43% |
| 2018 | 27.4 | 93.9% |
| 2017 | 14.2 | -113.06% |
| 2016 | -108 | -887.07% |
| 2015 | 13.8 | 41.96% |
| 2014 | 9.70 | 390% |
| 2013 | 1.98 | -78.84% |
| 2012 | 9.36 | -3.12% |
| 2011 | 9.66 | |
| 2009 | 20.3 |
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.