Cemig
CIG
#2332
Rank
S$8.23 B
Marketcap
$2.52
Share price
-3.57%
Change (1 day)
5.08%
Change (1 year)

P/E ratio for Cemig (CIG)

P/E ratio as of March 2025 (TTM): 0.0016

According to Cemig's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0.00164591. At the end of 2023 the company had a P/E ratio of 0.0041.

P/E ratio history for Cemig from 2002 to 2024

PE ratio at the end of each year

Year P/E ratio Change
20230.0041-99.62%
20221.09
20184.61

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
49.2 2,989,328.34%๐Ÿ‡ง๐Ÿ‡ท Brazil
43.3 2,628,458.06%๐Ÿ‡บ๐Ÿ‡ธ USA
15.3 929,640.99%๐Ÿ‡บ๐Ÿ‡ธ USA
-16.9-1,027,130.64%๐Ÿ‡ง๐Ÿ‡ท Brazil
4.40 267,229.32%๐Ÿ‡ง๐Ÿ‡ท Brazil

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.