Cemig
CIG
#2030
Rank
$7.60 B
Marketcap
$2.66
Share price
2.70%
Change (1 day)
11.30%
Change (1 year)

P/E ratio for Cemig (CIG)

P/E ratio as of May 2024 (TTM): 5.75

According to Cemig's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.74947. At the end of 2022 the company had a P/E ratio of 5.59.

P/E ratio history for Cemig from 2002 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20225.59-13.8%
20216.49-45.08%
202011.8
201817.1-36.08%
201726.8-78.49%
20161253081.12%
20153.92-46.56%
20147.34-12.45%
20138.3874.68%
20124.80-57.38%
201111.3-7.55%
201012.2-9.72%
200913.549.23%
20089.04-40.39%
200715.2-108.01%
2006-189-980.72%
200521.510.78%
200419.4-40.67%
200332.7597.58%
20024.68

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
13.8 140.41%๐Ÿ‡บ๐Ÿ‡ธ USA
44.4 672.74%๐Ÿ‡บ๐Ÿ‡ธ USA
55.5 865.47%๐Ÿ‡ง๐Ÿ‡ท Brazil
6.13 6.68%๐Ÿ‡ง๐Ÿ‡ท Brazil
-31.9-654.25%๐Ÿ‡ง๐Ÿ‡ท Brazil

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.