New Hope Corporation
NHC.AX
#3805
Rank
S$3.56 B
Marketcap
$4.22
Share price
1.02%
Change (1 day)
-9.10%
Change (1 year)

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

P/E ratio at the end of 2023: 3.97

According to New Hope Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.70482. At the end of 2023 the company had a P/E ratio of 3.97.

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
20233.9720%
20223.31-81.35%
202117.8-390.49%
2020-6.11-166.98%
20199.13-38.58%
201814.9106.99%
20177.18-136.12%
2016-19.9-69.04%
2015-64.2-324.13%
201428.61.73%
201328.1135.01%
201212.0139.43%
20115.00-65.56%
201014.5803.12%
20091.61-94.07%
200827.152.36%
200717.845.77%
200612.2633.42%
20051.66-86.19%
200412.1

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.