Mainfreight
MFT.NZ
#3014
Rank
NZ$7.29 B
Marketcap
$72.40
Share price
0.14%
Change (1 day)
4.94%
Change (1 year)

P/E ratio for Mainfreight (MFT.NZ)

P/E ratio at the end of 2023: 15.0

According to Mainfreight's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.4007. At the end of 2023 the company had a P/E ratio of 15.0.

P/E ratio history for Mainfreight from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202315.0-22.24%
202219.3-34.36%
202129.447.98%
202019.9-9.56%
201922.022.49%
201817.90.3%
201717.921.61%
201614.74.27%
201514.148.33%
20149.50-17.01%
201311.441.21%
20128.11-68.09%
201125.487.91%
201013.518.69%
200911.4176.17%
20084.13-58.26%
20079.88-29.95%
200614.1-3.51%
200514.6-38.63%
200423.8148.48%
20039.59-38.11%
200215.5-49.06%
200130.4

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.