New Hope Corporation
NHC.AX
#4253
Rank
$1.98 B
Marketcap
$2.35
Share price
-8.58%
Change (1 day)
-23.34%
Change (1 year)

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

P/E ratio at the end of 2023: 4.04

According to New Hope Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.7989. At the end of 2023 the company had a P/E ratio of 4.04.

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
20234.0420%
20223.36-81.35%
202118.0-390.49%
2020-6.21-166.98%
20199.27-38.58%
201815.1106.99%
20177.29-136.12%
2016-20.2-69.04%
2015-65.2-324.13%
201429.11.73%
201328.6135.01%
201212.2139.43%
20115.08-65.56%
201014.8803.12%
20091.63-94.07%
200827.552.36%
200718.145.77%
200612.4633.42%
20051.69-86.19%
200412.2

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.