P/E ratio for Argonaut Gold (AR.TO)
P/E ratio as of May 2023 (TTM): 7.61
According to Argonaut Gold's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.6082. At the end of 2021 the company had a P/E ratio of 19.5.
P/E ratio history for Argonaut Gold from 2010 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 19.5 | -42.93% |
| 2020 | 34.2 | -1368.07% |
| 2019 | -2.70 | -91.14% |
| 2018 | -30.5 | -340.63% |
| 2017 | 12.7 | -75.74% |
| 2016 | 52.2 | -7879.27% |
| 2015 | -0.6715 | -98.55% |
| 2014 | -46.3 | -183.88% |
| 2013 | 55.2 | 424.31% |
| 2012 | 10.5 | -38.49% |
| 2011 | 17.1 | -74.03% |
| 2010 | 65.9 | -125.49% |
| 2009 | -259 |
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.