P/E ratio for Energix Renewable Energies (ENRG.TA)
P/E ratio as of March 2023 (TTM): 38.2
According to Energix Renewable Energies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 38.1541. At the end of 2021 the company had a P/E ratio of 71.6.
P/E ratio history for Energix Renewable Energies from 2014 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 71.6 | -9.68% |
| 2020 | 79.2 | 23.31% |
| 2019 | 64.3 | 3.35% |
| 2018 | 62.2 | -12.94% |
| 2017 | 71.4 | -44.81% |
| 2016 | 129 | 45.92% |
| 2015 | 88.7 | -121.4% |
| 2014 | -414 | 380.88% |
| 2013 | -86.2 | 356.5% |
| 2012 | -18.9 | -79.96% |
| 2011 | -94.2 |
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.