P/E ratio for Cemig (CIG)
P/E ratio as of April 2024 (TTM): 5.27
According to Cemig's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.27395. 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 |
|---|---|---|
| 2022 | 5.59 | -13.8% |
| 2021 | 6.49 | -45.08% |
| 2020 | 11.8 | |
| 2018 | 17.1 | -36.08% |
| 2017 | 26.8 | -78.49% |
| 2016 | 125 | 3081.12% |
| 2015 | 3.92 | -46.56% |
| 2014 | 7.34 | -12.45% |
| 2013 | 8.38 | 74.68% |
| 2012 | 4.80 | -57.38% |
| 2011 | 11.3 | -7.55% |
| 2010 | 12.2 | -9.72% |
| 2009 | 13.5 | 49.23% |
| 2008 | 9.04 | -40.39% |
| 2007 | 15.2 | -108.01% |
| 2006 | -189 | -980.72% |
| 2005 | 21.5 | 10.78% |
| 2004 | 19.4 | -40.67% |
| 2003 | 32.7 | 597.58% |
| 2002 | 4.68 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Consolidated Edison ED | 13.0 | 147.28% | 🇺🇸 USA |
 FirstEnergy FE | 41.4 | 684.07% | 🇺🇸 USA |
 Copel ELP | 51.9 | 884.39% | 🇧🇷 Brazil |
 Vale VALE | 5.64 | 6.90% | 🇧🇷 Brazil |
 Companhia Siderúrgica Nacional
SID | -31.1 | -689.06% | 🇧🇷 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.