Pilbara Minerals
PLS.AX
#3022
Rank
C$5.88 B
Marketcap
$1.95
Share price
1.40%
Change (1 day)
-44.99%
Change (1 year)

P/E ratio for Pilbara Minerals (PLS.AX)

P/E ratio at the end of 2023: 5.71

According to Pilbara Minerals's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.57264. At the end of 2023 the company had a P/E ratio of 5.71.

P/E ratio history for Pilbara Minerals from 2008 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20235.71-48.16%
202211.0-118.57%
2021-59.31093.42%
2020-4.97-83.61%
2019-30.3-50.65%
2018-61.4313.79%
2017-14.8101.5%
2016-7.37-29.18%
2015-10.4848.33%
2014-1.10117.56%
2013-0.5041121.18%
2012-0.2279-77.91%
2011-1.03-54.74%
2010-2.28-82.36%
2009-12.92955.97%
2008-0.4229

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.