Carnarvon Energy
CVN.AX
#8763
Rank
C$0.16 B
Marketcap
$0.09449
Share price
-4.35%
Change (1 day)
-46.34%
Change (1 year)

P/E ratio for Carnarvon Energy (CVN.AX)

P/E ratio at the end of 2023: -51.3

According to Carnarvon Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -43.9439. At the end of 2023 the company had a P/E ratio of -51.3.

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

PE ratio at the end of each year

Year P/E ratio Change
2023-51.3812.08%
2022-5.62-128.91%
202119.5-130.07%
2020-64.7-23.72%
2019-84.8-193.79%
201890.4-5168.57%
2017-1.78-88.7%
2016-15.8-540.46%
20153.5824.06%
20142.89-200.59%
2013-2.87-83.86%
2012-17.8-152.19%
201134.1167.75%
201012.74.36%
200912.2-18.38%
200814.9-125.32%
2007-59.0215.06%
2006-18.7321.56%
2005-4.4596.53%
2004-2.26-22.29%
2003-2.91-23.73%
2002-3.82-52.52%
2001-8.04

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.