P/E ratio for New Gold (NGD)
P/E ratio as of March 2025 (TTM): -38.4
According to New Gold's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -38.4046. At the end of 2022 the company had a P/E ratio of -8.91.
P/E ratio history for New Gold from 2004 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -8.91 | -224.73% |
| 2021 | 7.14 | -139.14% |
| 2020 | -18.3 | 128.13% |
| 2019 | -8.00 | 2454.21% |
| 2018 | -0.3132 | -98.57% |
| 2017 | -21.9 | -93.73% |
| 2016 | -350 | 5934.48% |
| 2015 | -5.80 | 28.62% |
| 2014 | -4.51 | -67.3% |
| 2013 | -13.8 | -153.76% |
| 2012 | 25.7 | 6.88% |
| 2011 | 24.0 | -70.49% |
| 2010 | 81.3 | -1641.76% |
| 2009 | -5.28 | -37.29% |
| 2008 | -8.41 | 207.43% |
| 2007 | -2.74 | -95.38% |
| 2006 | -59.3 | 51.74% |
| 2005 | -39.1 | -45.05% |
| 2004 | -71.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 | -72.8 | 89.52% | 🇺🇸 USA |
 | -31.8 | -17.33% | 🇺🇸 USA |
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.