P/E ratio for Myer Holdings (MYR.AX)
P/E ratio at the end of 2023: 13.3
According to Myer Holdings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.2184. At the end of 2023 the company had a P/E ratio of 13.3.
P/E ratio history for Myer Holdings from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 13.3 | 21.11% |
| 2022 | 11.0 | -7.2% |
| 2021 | 11.8 | -994.3% |
| 2020 | -1.32 | -105.05% |
| 2019 | 26.2 | -2623.23% |
| 2018 | -1.04 | -101.51% |
| 2017 | 68.9 | 212.3% |
| 2016 | 22.1 | -33.84% |
| 2015 | 33.3 | 131.07% |
| 2014 | 14.4 | 6.46% |
| 2013 | 13.5 | 89.94% |
| 2012 | 7.13 | -6.92% |
| 2011 | 7.66 | -75.32% |
| 2010 | 31.1 |
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.