P/E ratio for Elevate Uranium (EL8.AX)
P/E ratio at the end of 2022: -16.6
According to Elevate Uranium's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -19.2077. At the end of 2022 the company had a P/E ratio of -16.6.
P/E ratio history for Elevate Uranium from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -16.6 | -7.64% |
| 2021 | -18.0 | 468.09% |
| 2020 | -3.16 | -28.01% |
| 2019 | -4.40 | 25.17% |
| 2018 | -3.51 | 78.68% |
| 2017 | -1.97 | 35.38% |
| 2016 | -1.45 | -23.29% |
| 2015 | -1.89 | 92.41% |
| 2014 | -0.9835 | 66.19% |
| 2013 | -0.5918 | -58.52% |
| 2012 | -1.43 | 3.18% |
| 2011 | -1.38 | -58.26% |
| 2010 | -3.31 | -62.84% |
| 2009 | -8.91 | 10.43% |
| 2008 | -8.07 | -63.57% |
| 2007 | -22.2 | -2.52% |
| 2006 | -22.7 | 469.09% |
| 2005 | -3.99 | 260.32% |
| 2004 | -1.11 | -83.55% |
| 2003 | -6.74 | 53.81% |
| 2002 | -4.38 | 3577.94% |
| 2001 | -0.1191 |
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.