New Hope Corporation
NHC.AX
#3803
Rank
ยฃ2.06 B
Marketcap
ยฃ2.44
Share price
-0.63%
Change (1 day)
-10.44%
Change (1 year)

P/E ratio for New Hope Corporation (NHC.AX)

P/E ratio at the end of 2023: 4.22

According to New Hope Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.68001. At the end of 2023 the company had a P/E ratio of 4.22.

P/E ratio history for New Hope Corporation from 2004 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20234.2220%
20223.52-81.35%
202118.9-390.49%
2020-6.49-166.98%
20199.69-38.58%
201815.8106.99%
20177.62-136.12%
2016-21.1-69.04%
2015-68.2-324.13%
201430.41.73%
201329.9135.01%
201212.7139.43%
20115.31-65.56%
201015.4803.12%
20091.71-94.07%
200828.852.36%
200718.945.77%
200613.0633.42%
20051.77-86.19%
200412.8

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.