Carnarvon Energy
CVN.AX
#8695
Rank
HK$0.97 B
Marketcap
HK$0.55
Share price
0.00%
Change (1 day)
-41.74%
Change (1 year)

P/E ratio for Carnarvon Energy (CVN.AX)

P/E ratio at the end of 2023: -52.6

According to Carnarvon Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -46.3688. At the end of 2023 the company had a P/E ratio of -52.6.

P/E ratio history for Carnarvon Energy from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2023-52.6812.08%
2022-5.77-128.91%
202119.9-130.07%
2020-66.3-23.72%
2019-86.9-193.79%
201892.7-5168.57%
2017-1.83-88.7%
2016-16.2-540.46%
20153.6724.06%
20142.96-200.59%
2013-2.94-83.86%
2012-18.2-152.19%
201134.9167.75%
201013.14.36%
200912.5-18.38%
200815.3-125.32%
2007-60.5215.06%
2006-19.2321.56%
2005-4.5696.53%
2004-2.32-22.29%
2003-2.98-23.73%
2002-3.91-52.52%
2001-8.24

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.