init innovation in traffic systems
IXX.DE
#7237
Rank
โ‚น32.18 B
Marketcap
โ‚น3,259
Share price
0.83%
Change (1 day)
14.72%
Change (1 year)

P/E ratio for init innovation in traffic systems (IXX.DE)

P/E ratio as of December 2024 (TTM): 47.3

According to init innovation in traffic systems's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 47.2969. At the end of 2022 the company had a P/E ratio of 15.3.

P/E ratio history for init innovation in traffic systems from 2010 to 2024

PE ratio at the end of each year

Year P/E ratio Change
202215.3-42.45%
202126.619.91%
202022.28.93%
201920.4-64.53%
201857.516.23%
201749.5184.97%
201617.4-21.09%
201522.028.72%
201417.1-11.24%
201319.3-9.76%
201221.3126.9%
20119.40-37.29%
201015.017.5%
200912.839.22%
20089.17-40.65%
200715.4-28.81%
200621.7

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
104 120.26%๐Ÿ‡ฉ๐Ÿ‡ช Germany

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.