P/E ratio for Dorchester Minerals (DMLP)
P/E ratio as of February 2023 (TTM): 9.12
According to Dorchester Minerals's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.12141. At the end of 2021 the company had a P/E ratio of 10.1.
P/E ratio history for Dorchester Minerals from 2004 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 10.1 | -44.17% |
| 2020 | 18.1 | 39.63% |
| 2019 | 13.0 | 38.88% |
| 2018 | 9.34 | -27.48% |
| 2017 | 12.9 | -51.56% |
| 2016 | 26.6 | 18.81% |
| 2015 | 22.4 | 26.62% |
| 2014 | 17.7 | -5.99% |
| 2013 | 18.8 | 10.07% |
| 2012 | 17.1 | 0.27% |
| 2011 | 17.0 | -31.1% |
| 2010 | 24.7 | -17.22% |
| 2009 | 29.9 | 346.77% |
| 2008 | 6.69 | -50.98% |
| 2007 | 13.6 | 6.51% |
| 2006 | 12.8 | -8.48% |
| 2005 | 14.0 | -36.68% |
| 2004 | 22.1 | -214.44% |
| 2003 | -19.3 |
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.