Grenke
GLJ.F
#5982
Rank
โ‚ฌ0.72 B
Marketcap
15,98ย โ‚ฌ
Share price
-2.56%
Change (1 day)
-30.42%
Change (1 year)

P/E ratio for Grenke (GLJ.F)

P/E ratio as of November 2024 (TTM): 9.03

According to Grenke's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.03456. At the end of 2022 the company had a P/E ratio of 11.2.

P/E ratio history for Grenke from 2009 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202211.2-28.91%
202115.7-24.55%
202020.8-35.27%
201932.124.74%
201825.8-25.18%
201734.458.4%
201621.7-35.94%
201533.970.9%
201419.8-5.27%
201321.028.11%
201216.421.78%
201113.4-27.51%
201018.514.86%
200916.1

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.