Argonaut Gold
AR.TO
#6683
Rank
C$0.65 B
Marketcap
$0.52
Share price
4.00%
Change (1 day)
14.19%
Change (1 year)

P/E ratio for Argonaut Gold (AR.TO)

P/E ratio as of November 2024 (TTM): -1.23

According to Argonaut Gold's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -1.22977. At the end of 2022 the company had a P/E ratio of -1.52.

P/E ratio history for Argonaut Gold from 2008 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-1.52-107.13%
202121.3-20.57%
202026.9-1035.53%
2019-2.87-88%
2018-23.9-278.62%
201713.4-68.47%
201642.5-6589.41%
2015-0.6548-98.75%
2014-52.6-121.04%
20132501684.25%
201214.0-38.51%
201122.8-50.72%
201046.2-328.47%
2009-20.2-94.14%
2008-345

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.