Techstep ASA
TECH.OL
#9355
Rank
HK$0.29 B
Marketcap
HK$8.62
Share price
2.52%
Change (1 day)
47.21%
Change (1 year)

P/E ratio for Techstep ASA (TECH.OL)

P/E ratio as of November 2024 (TTM): -7.50

According to Techstep ASA's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -7.50452. At the end of 2023 the company had a P/E ratio of -6.29.

P/E ratio history for Techstep ASA from 2010 to 2024

PE ratio at the end of each year

Year P/E ratio Change
2023-6.2965.09%
2022-3.81-42.62%
2021-6.64-80.67%
2020-34.3305.11%
2019-8.48-133.39%
201825.4-365.21%
2017-9.570.51%
2016-9.52127.95%
2015-4.18-77.07%
2014-18.2-21.53%
2013-23.21309.92%
2012-1.655.17%
2011-1.5713.03%
2010-1.39-66.33%
2009-4.121004.82%
2008-0.3725
2006-13.734.56%
2005-10.14.37%
2004-9.72

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.