P/E ratio for Caledonia Mining (CMCL)
P/E ratio as of May 2024 (TTM): -35.3
According to Caledonia Mining's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -35.3004. At the end of 2022 the company had a P/E ratio of 9.14.
P/E ratio history for Caledonia Mining from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.14 | 16.86% |
| 2021 | 7.83 | -13.76% |
| 2020 | 9.07 | 314.92% |
| 2019 | 2.19 | -59.17% |
| 2018 | 5.36 | -37.31% |
| 2017 | 8.54 | 4544.14% |
| 2016 | 0.1840 | 10.16% |
| 2015 | 0.1670 | 17.45% |
| 2014 | 0.1422 | -100.94% |
| 2013 | -15.2 | -384% |
| 2012 | 5.35 | 42.38% |
| 2011 | 3.75 | -95.27% |
| 2010 | 79.4 | -888.38% |
| 2009 | -10.1 | 31.89% |
| 2008 | -7.63 | -88.15% |
| 2007 | -64.4 | 1502.61% |
| 2006 | -4.02 | -8.41% |
| 2005 | -4.39 | 14.24% |
| 2004 | -3.84 | -42.68% |
| 2003 | -6.70 | -62.15% |
| 2002 | -17.7 | 78.3% |
| 2001 | -9.93 |
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.