IGO Limited
IGO.AX
#4522
Rank
A$2.62 B
Marketcap
$3.46
Share price
-1.98%
Change (1 day)
-52.16%
Change (1 year)

P/E ratio for IGO Limited (IGO.AX)

P/E ratio at the end of 2023: 18.9

According to IGO Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.3844. At the end of 2023 the company had a P/E ratio of 18.9.

P/E ratio history for IGO Limited from 2002 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202318.9-6.4%
202220.2173.38%
20217.39-53.16%
202015.8-50.25%
201931.7-32.13%
201846.7-46.6%
201787.5-550.44%
2016-19.4-289.32%
201510.3-27.18%
201414.1-26.96%
201319.3-1336.27%
2012-1.56-101.95%
201179.9506.11%
201013.2-44.61%
200923.8235.47%
20087.1032.75%
20075.35-20.37%
20066.7142.27%
20054.7222.22%
20043.86-74.04%
200314.9-247.84%
2002-10.1

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.