P/E ratio for Mears Group plc (MER.L)
P/E ratio at the end of 2023: 9.70
According to Mears Group plc's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0. At the end of 2023 the company had a P/E ratio of 9.70.
P/E ratio history for Mears Group plc from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 9.70 | 9.74% |
| 2022 | 8.84 | -39.84% |
| 2021 | 14.7 | 298.7% |
| 2020 | 3.68 | -176.34% |
| 2019 | -4.83 | -132.14% |
| 2018 | 15.0 | -72.26% |
| 2017 | 54.1 | 134.87% |
| 2016 | 23.0 | -26.51% |
| 2015 | 31.4 | 149.98% |
| 2014 | 12.5 | -103.97% |
| 2013 | -316 | -2681.83% |
| 2012 | 12.2 | 31.03% |
| 2011 | 9.34 | -35.07% |
| 2010 | 14.4 | 19.68% |
| 2009 | 12.0 | -10.3% |
| 2008 | 13.4 | 36.21% |
| 2007 | 9.84 | -30.88% |
| 2006 | 14.2 | -20.65% |
| 2005 | 17.9 | 17.67% |
| 2004 | 15.2 | -7.43% |
| 2003 | 16.5 | 31.62% |
| 2002 | 12.5 | -28.13% |
| 2001 | 17.4 |
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.