P/E ratio for GOL Airlines (GOLL4.SA)
P/E ratio as of June 2024 (TTM): 2.84
According to GOL Airlines's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.83836. At the end of 2019 the company had a P/E ratio of -41.5.
P/E ratio history for GOL Airlines from 2005 to 2024
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2019 | -41.5 | |
| 2017 | 235 | |
| 2014 | -3.42 | -9.43% |
| 2013 | -3.77 | 66.32% |
| 2012 | -2.27 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Delta Air Lines DAL | 9.42 | 231.85% | 🇺🇸 USA |
 Volaris
VLRS | -13.1 | -561.48% | 🇲🇽 Mexico |
 Copa Holdings
CPA | 11.4 | 302.87% | 🇵🇦 Panama |
 China Eastern Airlines
600115.SS | -2.16 | -176.26% | 🇨🇳 China |
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.