Myer Holdings
MYR.AX
#6354
Rank
โ‚ฌ0.60 B
Marketcap
0,72ย โ‚ฌ
Share price
0.00%
Change (1 day)
89.49%
Change (1 year)

P/E ratio for Myer Holdings (MYR.AX)

P/E ratio at the end of 2023: 8.31

According to Myer Holdings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.248. At the end of 2023 the company had a P/E ratio of 8.31.

P/E ratio history for Myer Holdings from 2010 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20238.3121.11%
20226.86-7.2%
20217.39-994.3%
2020-0.8264-105.05%
201916.4-2623.23%
2018-0.6486-101.51%
201743.1212.3%
201613.8-33.84%
201520.8131.07%
20149.026.46%
20138.4789.94%
20124.46-6.92%
20114.79-75.32%
201019.4

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.