P/E ratio for Filo Mining (FIL.TO)
P/E ratio as of May 2024 (TTM): -29.6
According to Filo Mining's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -29.6029. At the end of 2022 the company had a P/E ratio of -41.5.
P/E ratio history for Filo Mining from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -41.5 | -9.01% |
| 2021 | -45.6 | 325.35% |
| 2020 | -10.7 | 103.72% |
| 2019 | -5.26 | 0.48% |
| 2018 | -5.24 | -36.97% |
| 2017 | -8.31 | -24.53% |
| 2016 | -11.0 |
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.