P/E ratio for Bank Mega (MEGA.JK)
P/E ratio as of April 2024 (TTM): 13.0
According to Bank Mega 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.0105. At the end of 2022 the company had a P/E ratio of 15.3.
P/E ratio history for Bank Mega from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.3 | -38.48% |
| 2021 | 24.9 | -14.5% |
| 2020 | 29.1 | -24.41% |
| 2019 | 38.5 | 3.49% |
| 2018 | 37.2 | 19.28% |
| 2017 | 31.2 | 16.27% |
| 2016 | 26.8 | -29.17% |
| 2015 | 37.8 | -11.08% |
| 2014 | 42.5 | -10.77% |
| 2013 | 47.7 | 183.04% |
| 2012 | 16.8 | -18.88% |
| 2011 | 20.8 |
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.