P/E ratio for Cemig (CIG)
P/E ratio as of March 2023 (TTM): 7.42
According to Cemig's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.42361. At the end of 2021 the company had a P/E ratio of 7.83.
P/E ratio history for Cemig from 2002 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 7.83 | -38.5% |
| 2020 | 12.7 | 31.09% |
| 2019 | 9.71 | -47.79% |
| 2018 | 18.6 | 24.28% |
| 2017 | 15.0 | -65.46% |
| 2016 | 43.3 | -99.82% |
| 2015 | > 1000 | 291034.76% |
| 2014 | 8.09 | -11.47% |
| 2013 | 9.14 | 31.8% |
| 2012 | 6.93 | -50.93% |
| 2011 | 14.1 | 21.92% |
| 2010 | 11.6 | -28.78% |
| 2009 | 16.3 | 6.33% |
| 2008 | 15.3 | -7.3% |
| 2007 | 16.5 | -59.05% |
| 2006 | 40.3 | -99% |
| 2005 | > 1000 | -37.14% |
| 2004 | > 1000 | 62005.74% |
| 2003 | 10.3 | -101.66% |
| 2002 | -620 | 2076.74% |
| 2001 | -28.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Consolidated Edison ED | 20.2 | 172.02% | 🇺🇸 USA |
 FirstEnergy FE | 17.2 | 131.55% | 🇺🇸 USA |
 Copel ELP | 26.9 | 263.03% | 🇧🇷 Brazil |
 Vale VALE | 3.76 | -49.41% | 🇧🇷 Brazil |
 Companhia Siderúrgica Nacional
SID | 7.14 | -3.83% | 🇧🇷 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.