Thule Group AB
THULE.ST
#3372
Rank
$3.47 B
Marketcap
$32.83
Share price
1.60%
Change (1 day)
35.88%
Change (1 year)

P/E ratio for Thule Group AB (THULE.ST)

P/E ratio as of November 2024 (TTM): 22.4

According to Thule Group AB's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.4201. At the end of 2023 the company had a P/E ratio of 26.3.

P/E ratio history for Thule Group AB from 2015 to 2024

PE ratio at the end of each year

Year P/E ratio Change
202326.347.09%
202217.9-44.21%
202132.016.86%
202027.48.55%
201925.226.95%
201819.9-25.5%
201726.725.26%
201621.3-18.29%
201526.1-147.48%
2014-54.9

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.