P/E ratio for Mineral Resources (MIN.AX)
P/E ratio at the end of 2022: 38.7
According to Mineral Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.4806. At the end of 2022 the company had a P/E ratio of 38.7.
P/E ratio history for Mineral Resources from 2007 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 38.7 | 278.62% |
| 2021 | 10.2 | 78.74% |
| 2020 | 5.71 | -76.79% |
| 2019 | 24.6 | 65.22% |
| 2018 | 14.9 | 23.22% |
| 2017 | 12.1 | -114.39% |
| 2016 | -84.0 | -168.97% |
| 2015 | 122 | 1387% |
| 2014 | 8.19 | -9.59% |
| 2013 | 9.06 | 37.09% |
| 2012 | 6.61 | -44.17% |
| 2011 | 11.8 | -18.03% |
| 2010 | 14.4 | 1.63% |
| 2009 | 14.2 | -16.4% |
| 2008 | 17.0 | -27.58% |
| 2007 | 23.5 |
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.