Mighty Kingdom
MKL.AX
#10028
Rank
C$8.71 M
Marketcap
$0.04033
Share price
0.00%
Change (1 day)
-61.97%
Change (1 year)

P/E ratio for Mighty Kingdom (MKL.AX)

P/E ratio at the end of 2022: -3.78

According to Mighty Kingdom's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.62205. At the end of 2022 the company had a P/E ratio of -3.78.

P/E ratio history for Mighty Kingdom from 2021 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2022-3.78-62.85%
2021-10.2

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.