Avanza Bank
AZA.ST
#3450
Rank
$3.31 B
Marketcap
$21.10
Share price
1.02%
Change (1 day)
12.67%
Change (1 year)

P/E ratio for Avanza Bank (AZA.ST)

P/E ratio as of November 2024 (TTM): 17.3

According to Avanza Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.3328. At the end of 2023 the company had a P/E ratio of 18.5.

P/E ratio history for Avanza Bank from 2010 to 2024

PE ratio at the end of each year

Year P/E ratio Change
202318.5-11.68%
202220.9-16.95%
202125.2-6.39%
202026.9-19.12%
201933.3-10.18%
201837.036.26%
201727.2-0.93%
201627.46.23%
201525.8-13.51%
201429.9-4.7%
201331.329.04%
201224.351.75%
201116.0-33.19%
201024.017.55%
200920.494.57%
200810.5-34.83%
200716.1-10.69%
200618.0-29.48%
200525.567.5%
200415.2-26.8%
200320.8-21.39%
200226.5

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.