Mineral Resources
MIN.AX
#3499
Rank
C$4.31 B
Marketcap
$21.98
Share price
-3.40%
Change (1 day)
-64.76%
Change (1 year)

P/E ratio for Mineral Resources (MIN.AX)

P/E ratio at the end of 2022: 24.3

According to Mineral Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.0348. At the end of 2022 the company had a P/E ratio of 24.3.

P/E ratio history for Mineral Resources from 2007 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202224.3278.62%
20216.4178.74%
20203.59-76.79%
201915.565.22%
20189.3623.22%
20177.59-114.39%
2016-52.8-168.97%
201576.51387%
20145.14-9.59%
20135.6937.09%
20124.15-44.17%
20117.43-18.03%
20109.071.63%
20098.92-16.4%
200810.7-27.58%
200714.7

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.