P/E ratio for Almaden Minerals (AAU)
P/E ratio as of May 2024 (TTM): -2.33
According to Almaden Minerals 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.32794. At the end of 2022 the company had a P/E ratio of -3.52.
P/E ratio history for Almaden Minerals from 2005 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -3.52 | -79.84% |
| 2021 | -17.5 | -12.37% |
| 2020 | -19.9 | -9.57% |
| 2019 | -22.0 | -23.88% |
| 2018 | -28.9 | 8.64% |
| 2017 | -26.6 | 4.96% |
| 2016 | -25.4 | -37.2% |
| 2015 | -40.4 | 760.64% |
| 2014 | -4.70 | -65.37% |
| 2013 | -13.6 | -27.14% |
| 2012 | -18.6 | -181.9% |
| 2011 | 22.7 | -132.41% |
| 2010 | -70.1 | 199.76% |
| 2009 | -23.4 | 195.98% |
| 2008 | -7.90 | -92.68% |
| 2007 | -108 | 326.27% |
| 2006 | -25.3 | -65.64% |
| 2005 | -73.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Tanzanian Gold Corporation TRX | -47.2 | 1,927.55% | 🇨🇦 Canada |
 NovaGold Resources
NG | -21.6 | 829.70% | 🇨🇦 Canada |
 Seabridge Gold
SA | -76.4 | 3,182.40% | 🇨🇦 Canada |
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.