Piovan S.p.A.
PVN.MI
#6020
Rank
โ‚น62.47 B
Marketcap
โ‚น1,222
Share price
0.36%
Change (1 day)
43.09%
Change (1 year)

P/E ratio for Piovan S.p.A. (PVN.MI)

P/E ratio as of November 2024 (TTM): 17.5

According to Piovan S.p.A.'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.4853. At the end of 2023 the company had a P/E ratio of 11.0.

P/E ratio history for Piovan S.p.A. from 2021 to 2024

PE ratio at the end of each year

Year P/E ratio Change
202311.0-7.17%
202211.9-36.32%
202118.733.84%
202013.9-11.96%
201915.8-8.1%
201817.2

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.