P/E ratio for Contango Ore (CTGO)
P/E ratio as of June 2024 (TTM): -2.64
According to Contango Ore's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.64334. At the end of 2023 the company had a P/E ratio of -4.46.
P/E ratio history for Contango Ore from 2010 to 2024
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | -4.46 | -33.82% |
| 2022 | -6.73 | -216.92% |
| 2021 | 5.76 | -178.43% |
| 2020 | -7.34 | -43.39% |
| 2019 | -13.0 | -41.09% |
| 2018 | -22.0 | -24.16% |
| 2017 | -29.0 | -18.18% |
| 2016 | -35.5 | 713.53% |
| 2015 | -4.36 | 24.69% |
| 2014 | -3.50 | 50.82% |
| 2013 | -2.32 | -42.63% |
| 2012 | -4.04 | -43.84% |
| 2011 | -7.20 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Solitario Zinc
XPL | -14.5 | 448.93% | 🇺🇸 USA |
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.