Cemig
CIG
#2448
Rank
โ‚ฌ5.35 B
Marketcap
1,80ย โ‚ฌ
Share price
1.04%
Change (1 day)
6.45%
Change (1 year)

P/E ratio for Cemig (CIG)

P/E ratio as of March 2025 (TTM): 0.0017

According to Cemig's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0.00168945. At the end of 2023 the company had a P/E ratio of 0.0041.

P/E ratio history for Cemig from 2002 to 2024

PE ratio at the end of each year

Year P/E ratio Change
20230.0041-99.62%
20221.09
20184.61

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
49.3 2,920,963.07%๐Ÿ‡ง๐Ÿ‡ท Brazil
42.1 2,489,165.74%๐Ÿ‡บ๐Ÿ‡ธ USA
14.5 856,853.45%๐Ÿ‡บ๐Ÿ‡ธ USA
-17.2-1,020,941.10%๐Ÿ‡ง๐Ÿ‡ท Brazil
4.66 275,560.13%๐Ÿ‡ง๐Ÿ‡ท Brazil

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.