nib holdings limited
NHF.AX
#4146
Rank
โ‚ฌ1.93 B
Marketcap
3,98ย โ‚ฌ
Share price
0.15%
Change (1 day)
-17.03%
Change (1 year)

P/E ratio for nib holdings limited (NHF.AX)

P/E ratio at the end of 2023: 19.9

According to nib holdings limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.1655. At the end of 2023 the company had a P/E ratio of 19.9.

P/E ratio history for nib holdings limited from 2008 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202319.9-12.59%
202222.851.27%
202115.0-28.6%
202021.11.21%
201920.826.6%
201816.5-4.12%
201717.24.28%
201616.57.55%
201515.318.26%
201412.937.21%
20139.4352.99%
20126.160.33%
20116.14-18.29%
20107.52-48.49%
200914.6-96.27%
2008391

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.