P/E ratio for E-L Financial (ELF.TO)
P/E ratio as of April 2024 (TTM): 3.90
According to E-L Financial's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.90474. At the end of 2022 the company had a P/E ratio of -12.9.
P/E ratio history for E-L Financial from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -12.9 | -545.69% |
| 2021 | 2.89 | -48.91% |
| 2020 | 5.66 | 26.72% |
| 2019 | 4.46 | -97.61% |
| 2018 | 187 | 3711% |
| 2017 | 4.90 | -45.75% |
| 2016 | 9.04 | 70.79% |
| 2015 | 5.29 | -25.21% |
| 2014 | 7.08 | 121.74% |
| 2013 | 3.19 | -13.13% |
| 2012 | 3.67 | -115.06% |
| 2011 | -24.4 | -314.83% |
| 2010 | 11.4 | -245% |
| 2009 | -7.83 | -40.24% |
| 2008 | -13.1 | -239.81% |
| 2007 | 9.37 | 62.29% |
| 2006 | 5.77 | -14.55% |
| 2005 | 6.76 | 5.51% |
| 2004 | 6.40 | -74.38% |
| 2003 | 25.0 | 42.5% |
| 2002 | 17.5 |
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.