Ramelius Resources
RMS.AX
#4271
Rank
S$2.50 B
Marketcap
$2.16
Share price
2.79%
Change (1 day)
25.19%
Change (1 year)

P/E ratio for Ramelius Resources (RMS.AX)

P/E ratio at the end of 2023: 16.6

According to Ramelius Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 35.8239. At the end of 2023 the company had a P/E ratio of 16.6.

P/E ratio history for Ramelius Resources from 2003 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202316.6-69.49%
202254.3510.97%
20218.89-16.41%
202010.6-35.39%
201916.5104.36%
20188.05-24.02%
201710.678.51%
20165.94120.08%
20152.70-1359.07%
2014-0.2142-63.51%
2013-0.5870-101.51%
201238.91126.73%
20113.17-31.02%
20104.60-69.68%
200915.2-88.37%
2008131726.09%
200715.8-264.01%
2006-9.63-18.35%
2005-11.8284.67%
2004-3.07-89.33%
2003-28.8

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.