Magnetic Resources NL
MAU.AX
#7870
Rank
โ‚ฌ0.20 B
Marketcap
0,78ย โ‚ฌ
Share price
16.28%
Change (1 day)
30.79%
Change (1 year)

P/E ratio for Magnetic Resources NL (MAU.AX)

P/E ratio at the end of 2023: -15.9

According to Magnetic Resources NL's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -39.3875. At the end of 2023 the company had a P/E ratio of -15.9.

P/E ratio history for Magnetic Resources NL from 2008 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2023-15.9-52.87%
2022-33.85.1%
2021-32.1-36.67%
2020-50.7118.58%
2019-23.2134.48%
2018-9.9079.27%
2017-5.5257.6%
2016-3.50-33.25%
2015-5.25-18.49%
2014-6.44123.12%
2013-2.8975.06%
2012-1.65-21.77%
2011-2.11-60.37%
2010-5.32187.26%
2009-1.85132.9%
2008-0.7950

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.