P/E ratio for Canacol Energy (CNE.TO)
P/E ratio as of May 2024 (TTM): 0.6450
According to Canacol Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0.645045. At the end of 2022 the company had a P/E ratio of 1.68.
P/E ratio history for Canacol Energy from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 1.68 | -94.92% |
| 2021 | 33.1 | -133.81% |
| 2020 | -98.0 | -631.12% |
| 2019 | 18.5 | -174.68% |
| 2018 | -24.7 | 488.63% |
| 2017 | -4.20 | -117.6% |
| 2016 | 23.9 | |
| 2014 | -19.4 | 398.89% |
| 2013 | -3.89 | -103.64% |
| 2012 | 107 | 810.07% |
| 2011 | 11.7 | -211.47% |
| 2010 | -10.5 | 49.05% |
| 2009 | -7.07 | 2560.4% |
| 2008 | -0.2658 | -95.02% |
| 2007 | -5.34 | -63.25% |
| 2006 | -14.5 | |
| 2004 | -1.32 | -36.11% |
| 2003 | -2.06 | -96.79% |
| 2002 | -64.4 | 1411.37% |
| 2001 | -4.26 |
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.