P/E ratio for Dorchester Minerals (DMLP)
P/E ratio as of April 2024 (TTM): 12.4
According to Dorchester Minerals's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.4357. At the end of 2022 the company had a P/E ratio of 8.93.
P/E ratio history for Dorchester Minerals from 2003 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.93 | -12.42% |
| 2021 | 10.2 | -42.03% |
| 2020 | 17.6 | 35.29% |
| 2019 | 13.0 | 43.04% |
| 2018 | 9.09 | -29.41% |
| 2017 | 12.9 | -50.82% |
| 2016 | 26.2 | 11.24% |
| 2015 | 23.5 | 30.97% |
| 2014 | 18.0 | -5.19% |
| 2013 | 19.0 | 11.93% |
| 2012 | 16.9 | -0.56% |
| 2011 | 17.0 | -31.15% |
| 2010 | 24.7 | -16.27% |
| 2009 | 29.6 | 328.34% |
| 2008 | 6.90 | -48.93% |
| 2007 | 13.5 | 6.09% |
| 2006 | 12.7 | -9.01% |
| 2005 | 14.0 | -37.4% |
| 2004 | 22.4 | -203.66% |
| 2003 | -21.6 |
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.