Lynas
LYC.AX
#2621
Rank
A$8.00 B
Marketcap
$8.56
Share price
3.26%
Change (1 day)
32.77%
Change (1 year)
Lynas Corporation, Ltd. is an Australian rare-earths mining company.

P/E ratio for Lynas (LYC.AX)

P/E ratio at the end of 2022: 13.7

According to Lynas's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.2934. At the end of 2022 the company had a P/E ratio of 13.7.

P/E ratio history for Lynas from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202213.7-48.6%
202126.7-143.26%
2020-61.8-413.82%
201919.7-14.06%
201822.9-209.98%
2017-20.81186.44%
2016-1.62124.59%
2015-0.721231.32%
2014-0.5492-83.91%
2013-3.41-66.95%
2012-10.3-69.19%
2011-33.5147.21%
2010-13.665.08%
2009-8.21-65.79%
2008-24.0-63.24%
2007-65.3463.14%
2006-11.6443.56%
2005-2.13-87.54%
2004-17.1350.63%
2003-3.80-78.35%
2002-17.5522.83%
2001-2.82

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.