According to TXNM Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.3911. At the end of 2023 the company had a P/E ratio of 40.8.
Year | P/E ratio | Change |
---|---|---|
2023 | 40.8 | 64.68% |
2022 | 24.8 | 23.16% |
2021 | 20.1 | -10.61% |
2020 | 22.5 | -56.84% |
2019 | 52.1 | 38.6% |
2018 | 37.6 | -7.03% |
2017 | 40.5 | 73.36% |
2016 | 23.3 | -84.99% |
2015 | 155 | 645.59% |
2014 | 20.8 | 8.78% |
2013 | 19.2 | 19.96% |
2012 | 16.0 | 73.53% |
2011 | 9.21 | -134.15% |
2010 | -27.0 | -386.67% |
2009 | 9.40 | -409.34% |
2008 | -3.04 | -114.05% |
2007 | 21.6 | 20.39% |
2006 | 18.0 | -26.6% |
2005 | 24.5 | 37.55% |
2004 | 17.8 | 47.85% |
2003 | 12.0 | -17.52% |
2002 | 14.6 | 93.86% |
2001 | 7.53 |
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.