Storebrand
STB.OL
#2837
Rank
NZ$8.17 B
Marketcap
$18.83
Share price
0.58%
Change (1 day)
36.11%
Change (1 year)

P/E ratio for Storebrand (STB.OL)

P/E ratio as of December 2024 (TTM): 16.4

According to Storebrand's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.3774. At the end of 2022 the company had a P/E ratio of 15.5.

P/E ratio history for Storebrand from 2009 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202215.516.96%
202113.33.41%
202012.8-17.75%
201915.6103.39%
20187.66-39.54%
201712.730.51%
20169.71-26.95%
201513.3109.35%
20146.35-26.14%
20138.59-30.44%
201212.4-40.41%
201120.756.75%
201013.2-30.45%
200919.0

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.