P/E ratio for China Gold International Resources (CGG.TO)
P/E ratio as of May 2024 (TTM): 24.6
According to China Gold International Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.6115. At the end of 2022 the company had a P/E ratio of 5.14.
P/E ratio history for China Gold International Resources from 2003 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.14 | 30.41% |
| 2021 | 3.94 | -21.96% |
| 2020 | 5.05 | -146.38% |
| 2019 | -10.9 | -88.54% |
| 2018 | -95.1 | -910.8% |
| 2017 | 11.7 | -126.73% |
| 2016 | -43.9 | -39.15% |
| 2015 | -72.1 | -506.91% |
| 2014 | 17.7 | -3.05% |
| 2013 | 18.3 | -4.56% |
| 2012 | 19.1 | 53.09% |
| 2011 | 12.5 | -68.46% |
| 2010 | 39.7 | -173.44% |
| 2009 | -54.0 | -1595.74% |
| 2008 | 3.61 | -114.45% |
| 2007 | -25.0 | 11.53% |
| 2006 | -22.4 | 502.02% |
| 2005 | -3.72 | -15.73% |
| 2004 | -4.41 | -74.19% |
| 2003 | -17.1 |
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.