Westgold Resources Limited
WGX.AX
#4580
Rank
โ‚ฌ1.64 B
Marketcap
1,75ย โ‚ฌ
Share price
-2.69%
Change (1 day)
34.43%
Change (1 year)

P/E ratio for Westgold Resources Limited (WGX.AX)

P/E ratio at the end of 2023: 103

According to Westgold Resources Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 129.16. At the end of 2023 the company had a P/E ratio of 103.

P/E ratio history for Westgold Resources Limited from 2017 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2023103-1615.67%
2022-6.80-149.5%
202113.7-62.01%
202036.2-45.09%
201965.9-108.96%
2018-735-1681.6%
201746.5

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.