MGI Digital Technology
ALMDG.PA
#8668
Rank
A$0.16 B
Marketcap
$26.31
Share price
-0.37%
Change (1 day)
-14.37%
Change (1 year)

P/E ratio for MGI Digital Technology (ALMDG.PA)

P/E ratio at the end of 2022: 22.5

According to MGI Digital Technology's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.6751. At the end of 2022 the company had a P/E ratio of 22.5.

P/E ratio history for MGI Digital Technology from 2008 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202222.5-38.16%
202136.3-16.93%
202043.8113.04%
201920.519.55%
201817.2-46.56%
201732.14.11%
201630.951.4%
201520.4-0.87%
201420.615.83%
201317.859.85%
201211.19.39%
201110.2-13.55%
201011.820.53%
20099.75136.31%
20084.13

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.