P/E ratio for Cemig (CIG)
P/E ratio as of April 2025 (TTM): 0.0015
According to Cemig's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0.0014848. 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 |
|---|---|---|
| 2023 | 0.0041 | -99.62% |
| 2022 | 1.09 | |
| 2018 | 4.61 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 | 54.7 | 3,681,621.44% | 🇧🇷 Brazil |
 | 45.2 | 3,043,192.03% | 🇺🇸 USA |
 | 16.1 | 1,085,797.09% | 🇺🇸 USA |
 | -17.0 | -1,145,722.31% | 🇧🇷 Brazil |
 | 4.35 | 292,548.17% | 🇧🇷 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.