According to Major Drilling Group International's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.7728. At the end of 2023 the company had a P/E ratio of 12.0.
Year | P/E ratio | Change |
---|---|---|
2023 | 12.0 | -32.75% |
2022 | 17.9 | -69.73% |
2021 | 59.0 | -1466.32% |
2020 | -4.32 | -76.01% |
2019 | -18.0 | -22.22% |
2018 | -23.1 | 55.08% |
2017 | -14.9 | 8.5% |
2016 | -13.8 | 34.29% |
2015 | -10.2 | -16.93% |
2014 | -12.3 | -205.4% |
2013 | 11.7 | -11.07% |
2012 | 13.2 | -67.45% |
2011 | 40.4 | -104.61% |
2010 | -876 | -12089.33% |
2009 | 7.31 | -56.94% |
2008 | 17.0 | 23.29% |
2007 | 13.8 | -33.02% |
2006 | 20.6 | 25.81% |
2005 | 16.3 | -48.94% |
2004 | 32.0 | 42.22% |
2003 | 22.5 | -659.43% |
2002 | -4.02 | -51.19% |
2001 | -8.24 |
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.