Veidekke
VEI.OL
#4628
Rank
A$2.68 B
Marketcap
$19.92
Share price
-0.14%
Change (1 day)
35.93%
Change (1 year)

P/E ratio for Veidekke (VEI.OL)

P/E ratio as of December 2024 (TTM): 16.6

According to Veidekke's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.6102. At the end of 2022 the company had a P/E ratio of 12.0.

P/E ratio history for Veidekke from 2009 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202212.0-35.85%
202118.6162.28%
20207.10-60.18%
201917.8-27.79%
201824.7133.16%
201710.6-42.53%
201618.4-3.16%
201519.062.6%
201411.7-1.65%
201311.96.51%
201211.238.6%
20118.06-60.07%
201020.250.02%
200913.5

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.