P/E ratio for Mineral Resources (MIN.AX)
P/E ratio at the end of 2022: 25.5
According to Mineral Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 32.4424. At the end of 2022 the company had a P/E ratio of 25.5.
P/E ratio history for Mineral Resources from 2007 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 25.5 | 278.62% |
| 2021 | 6.74 | 78.74% |
| 2020 | 3.77 | -76.79% |
| 2019 | 16.2 | 65.22% |
| 2018 | 9.82 | 23.22% |
| 2017 | 7.97 | -114.39% |
| 2016 | -55.4 | -168.97% |
| 2015 | 80.3 | 1387% |
| 2014 | 5.40 | -9.59% |
| 2013 | 5.98 | 37.09% |
| 2012 | 4.36 | -44.17% |
| 2011 | 7.81 | -18.03% |
| 2010 | 9.52 | 1.63% |
| 2009 | 9.37 | -16.4% |
| 2008 | 11.2 | -27.58% |
| 2007 | 15.5 |
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.