Ricegrowers Limited
SGLLV.AX
#7013
Rank
NZ$0.65 B
Marketcap
$10.17
Share price
-0.54%
Change (1 day)
56.73%
Change (1 year)
Categories

P/E ratio for Ricegrowers Limited (SGLLV.AX)

P/E ratio at the end of 2023: 7.49

According to Ricegrowers Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.9573. At the end of 2023 the company had a P/E ratio of 7.49.

P/E ratio history for Ricegrowers Limited from 2019 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20237.49-10.07%
20228.33-49.35%
202116.549.49%
202011.0-1.48%
201911.2

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.