P/E ratio for Energy Resources of Australia (ERA.AX)
P/E ratio at the end of 2022: -4.81
According to Energy Resources of Australia's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -1.36336. At the end of 2022 the company had a P/E ratio of -4.81.
P/E ratio history for Energy Resources of Australia from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -4.81 | -30.61% |
| 2021 | -6.93 | -102.72% |
| 2020 | 254 | 370.45% |
| 2019 | 54.1 | -5279.16% |
| 2018 | -1.04 | -97.02% |
| 2017 | -35.1 | 1105.88% |
| 2016 | -2.91 | 23.96% |
| 2015 | -2.35 | -78.69% |
| 2014 | -11.0 | -19.03% |
| 2013 | -13.6 | 79.06% |
| 2012 | -7.59 | -25.67% |
| 2011 | -10.2 | -109.04% |
| 2010 | 113 | 144.4% |
| 2009 | 46.2 | -20.96% |
| 2008 | 58.5 | -57.79% |
| 2007 | 139 | -52.3% |
| 2006 | 290 | 90.61% |
| 2005 | 152 | 21.39% |
| 2004 | 126 | -3.54% |
| 2003 | 130 | 118.66% |
| 2002 | 59.5 | -48.94% |
| 2001 | 117 |
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.