Mount Gibson Iron
MGX.AX
#7854
Rank
C$0.35 B
Marketcap
$0.30
Share price
1.52%
Change (1 day)
-23.45%
Change (1 year)

P/E ratio for Mount Gibson Iron (MGX.AX)

P/E ratio at the end of 2023: 95.5

According to Mount Gibson Iron's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 73.7651. At the end of 2023 the company had a P/E ratio of 95.5.

P/E ratio history for Mount Gibson Iron from 2002 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202395.5-2907.15%
2022-3.40-124.28%
202114.087.22%
20207.482.82%
20197.2880.02%
20184.04-64.22%
201711.3311.05%
20162.75-1510.6%
2015-0.1949-103.68%
20145.29143.15%
20132.18-33.92%
20123.29-28.9%
20114.63-52.5%
20109.75-36.95%
200915.58.66%
200814.28.39%
200713.115.11%
200611.454.69%
20057.37-299.57%
2004-3.70141.57%
2003-1.53-95.95%
2002-37.7

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.