Cemig
CIG
#2285
Rank
$5.25 B
Marketcap
$2.05
Share price
3.54%
Change (1 day)
-33.87%
Change (1 year)

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
20217.83-38.5%
202012.731.09%
20199.71-47.79%
201818.624.28%
201715.0-65.46%
201643.3-99.82%
2015> 1000291034.76%
20148.09-11.47%
20139.1431.8%
20126.93-50.93%
201114.121.92%
201011.6-28.78%
200916.36.33%
200815.3-7.3%
200716.5-59.05%
200640.3-99%
2005> 1000-37.14%
2004> 100062005.74%
200310.3-101.66%
2002-6202076.74%
2001-28.5

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
20.2 172.02%๐Ÿ‡บ๐Ÿ‡ธ USA
17.2 131.55%๐Ÿ‡บ๐Ÿ‡ธ USA
26.9 263.03%๐Ÿ‡ง๐Ÿ‡ท Brazil
3.76-49.41%๐Ÿ‡ง๐Ÿ‡ท Brazil
7.14-3.83%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.