P/E ratio for Coronado Global Resources (CRN.AX)
P/E ratio at the end of 2023: 17.5
According to Coronado Global Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.42822. At the end of 2023 the company had a P/E ratio of 17.5.
P/E ratio history for Coronado Global Resources from 2018 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 17.5 | 337.23% |
| 2022 | 3.99 | -55.63% |
| 2021 | 9.00 | -2076.28% |
| 2020 | -0.4552 | -166.15% |
| 2019 | 0.6881 | -72.01% |
| 2018 | 2.46 |
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.