Canacol Energy
CNE.TO
#9003
Rank
C$0.12 B
Marketcap
$3.76
Share price
-0.27%
Change (1 day)
-48.05%
Change (1 year)

P/E ratio for Canacol Energy (CNE.TO)

P/E ratio as of December 2024 (TTM): 0.4715

According to Canacol Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0.471485. At the end of 2022 the company had a P/E ratio of 1.68.

P/E ratio history for Canacol Energy from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20221.68-94.93%
202133.1-133.81%
2020-98.0-631.12%
201918.5-174.68%
2018-24.7488.24%
2017-4.20-117.62%
201623.9
2014-19.4398.89%
2013-3.89-103.64%
2012107806.78%
201111.8-211.87%
2010-10.549.05%
2009-7.072560.4%
2008-0.2658-95.02%
2007-5.34-63.25%
2006-14.5
2004-1.32-36.11%
2003-2.06-96.29%
2002-55.61424.44%
2001-3.65

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.