P/E ratio for ERG (ERG.MI)
P/E ratio as of May 2024 (TTM): 11.7
According to ERG's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.7138. At the end of 2022 the company had a P/E ratio of 6.56.
P/E ratio history for ERG from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.56 | -74.39% |
| 2021 | 25.6 | -18.89% |
| 2020 | 31.6 | -137.55% |
| 2019 | -84.1 | -657.11% |
| 2018 | 15.1 | 44.11% |
| 2017 | 10.5 | -12.8% |
| 2016 | 12.0 | -86.12% |
| 2015 | 86.6 | 750.06% |
| 2014 | 10.2 | -79.27% |
| 2013 | 49.1 | 589.83% |
| 2012 | 7.12 |
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.