Cemig
CIG
#2539
Rank
$6.40 B
Marketcap
$1.92
Share price
-3.52%
Change (1 day)
0.52%
Change (1 year)

P/E ratio for Cemig (CIG)

P/E ratio at the end of 2024: 4.44

According to Cemig's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.76368. At the end of 2024 the company had a P/E ratio of 4.44.

P/E ratio history for Cemig from 2001 to 2024

PE ratio at the end of each year

Year P/E ratio Change
20244.443.12%
20234.31-2.95%
20224.44-43.34%
20217.83-31.43%
202011.420.22%
20199.50-48.94%
201818.624.28%
201715.0-65.46%
201643.3-99.82%
2015> 1000290582.24%
20148.09-11.47%
20139.1431.8%
20126.93-50.93%
201114.121.92%
201011.6-28.78%
200916.38.71%
200815.0-9.33%
200716.5-59.05%
200640.3234.33%
200512.1-42.02%
200420.8-34%
200331.5-104.68%
2002-673-97.82%
2001< -1000

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
Copel
ELP
12.5 162.38%๐Ÿ‡ง๐Ÿ‡ท Brazil
FirstEnergy
FE
20.6 332.22%๐Ÿ‡บ๐Ÿ‡ธ USA
Consolidated Edison
ED
18.4 285.77%๐Ÿ‡บ๐Ÿ‡ธ USA
Companhia Siderรบrgica Nacional
SID
-4.12-186.54%๐Ÿ‡ง๐Ÿ‡ท Brazil
Vale
VALE
5.11 7.25%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.