According to Energix Renewable Energies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.7749. At the end of 2022 the company had a P/E ratio of 24.6.
Year | P/E ratio | Change |
---|---|---|
2022 | 24.6 | -70.8% |
2021 | 84.3 | -11.09% |
2020 | 94.8 | 38.35% |
2019 | 68.5 | 22.27% |
2018 | 56.0 | -23.36% |
2017 | 73.1 | -40.09% |
2016 | 122 | 113.28% |
2015 | 57.2 | -165.9% |
2014 | -86.9 | -0.97% |
2013 | -87.7 |
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.