P/E ratio for Banco Macro (BMA)
P/E ratio as of May 2024 (TTM): 0.6774
According to Banco Macro 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0.677436. At the end of 2021 the company had a P/E ratio of 3.56.
P/E ratio history for Banco Macro from 2006 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 3.56 | -8.92% |
| 2020 | 3.91 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Citigroup C | 9.22 | 1,261.25% | 🇺🇸 USA |
 Banco Santander-Chile BSAC | 14.5 | 2,035.58% | 🇨🇱 Chile |
 Santander SAN | 7.71 | 1,038.11% | 🇪🇸 Spain |
 Galicia Financial Group GGAL | 16.5 | 2,329.54% | 🇦🇷 Argentina |
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.