P/E ratio for Genesis Energy (GNE.NZ)
P/E ratio at the end of 2022: 12.4
According to Genesis Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.83036. At the end of 2022 the company had a P/E ratio of 12.4.
P/E ratio history for Genesis Energy from 2014 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.4 | -86.46% |
| 2021 | 91.8 | 42.31% |
| 2020 | 64.5 | 21.5% |
| 2019 | 53.1 | -52.65% |
| 2018 | 112 | 548.35% |
| 2017 | 17.3 | 74.48% |
| 2016 | 9.91 | -33.74% |
| 2015 | 15.0 | -41.33% |
| 2014 | 25.5 |
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.