P/E ratio for Eldorado Gold (EGO)
P/E ratio as of May 2024 (TTM): 49.7
According to Eldorado Gold 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 49.6897. At the end of 2022 the company had a P/E ratio of -4.22.
P/E ratio history for Eldorado Gold from 2003 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -4.22 | -66.13% |
| 2021 | -12.5 | -166.7% |
| 2020 | 18.7 | 21.03% |
| 2019 | 15.4 | -1322.52% |
| 2018 | -1.26 | -99.65% |
| 2017 | -358 | 5340.22% |
| 2016 | -6.57 | 375.71% |
| 2015 | -1.38 | -103.18% |
| 2014 | 43.4 | -794.55% |
| 2013 | -6.25 | -121.85% |
| 2012 | 28.6 | 23.17% |
| 2011 | 23.2 | -48.7% |
| 2010 | 45.3 | -0.91% |
| 2009 | 45.7 | 198.98% |
| 2008 | 15.3 | -71% |
| 2007 | 52.7 | -79.85% |
| 2006 | 262 | -926.93% |
| 2005 | -31.7 | -37.9% |
| 2004 | -51.0 | 217.58% |
| 2003 | -16.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Silvercorp Metals
SVM | 29.2 | -41.27% | 🇨🇦 Canada |
 New Gold NGD | -21.5 | -143.35% | 🇨🇦 Canada |
 Hecla Mining
HL | -59.2 | -219.09% | 🇺🇸 USA |
 AngloGold Ashanti
AU | 29.0 | -41.71% | 🇿🇦 South Africa |
 Agnico Eagle Mines AEM | 12.0 | -75.79% | 🇨🇦 Canada |
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.