REN (Redes Energéticas Nacionais)
RENE.LS
#4755
Rank
€1.49 B
Marketcap
2,26 €
Share price
0.89%
Change (1 day)
-2.13%
Change (1 year)

P/E ratio for REN (Redes Energéticas Nacionais) (RENE.LS)

P/E ratio as of December 2024 (TTM): 11.1

According to REN (Redes Energéticas Nacionais)'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.1439. At the end of 2022 the company had a P/E ratio of 14.8.

P/E ratio history for REN (Redes Energéticas Nacionais) from 2009 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202214.8-12.63%
202117.014.79%
202014.8-2.18%
201915.15.54%
201814.314.36%
201712.5-11.83%
201614.2-3.78%
201514.828.07%
201411.518.43%
20139.738.91%
20128.93-6.84%
20119.59-21.02%
201012.12.57%
200911.8

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.