P/E ratio for Eldorado Gold (EGO)

P/E ratio history for Eldorado Gold from 2003 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Agnico Eagle Mines AEM	15.7	-72.65%	🇨🇦 Canada
Hecla Mining HL	-71.5	-224.60%	🇺🇸 USA
New Gold NGD	-31.2	-154.39%	🇨🇦 Canada
Silvercorp Metals SVM	37.5	-34.61%	🇨🇦 Canada
AngloGold Ashanti AU	34.1	-40.52%	🇿🇦 South Africa

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.