Fortescue
FMG.AX
#564
Rank
ยฃ28.97 B
Marketcap
ยฃ9.41
Share price
-5.58%
Change (1 day)
-23.88%
Change (1 year)

P/E ratio for Fortescue (FMG.AX)

P/E ratio at the end of 2022: 6.04

According to Fortescue's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.38118. At the end of 2022 the company had a P/E ratio of 6.04.

P/E ratio history for Fortescue from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20226.0432.11%
20214.57-46.81%
20208.592.89%
20198.35-39.94%
201813.9108.88%
20176.66-30.68%
20169.60-41.19%
201516.3369.64%
20143.48-8.71%
20133.81-39.7%
20126.32-45.84%
201111.7-35.07%
201018.04.94%
200917.1-423.37%
2008-5.29-95.47%
2007-117-89.2%
2006< -100046.96%
2005-736-769.83%
2004110-624.7%
2003-20.9-13.38%
2002-24.2-242.65%
200116.9

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.