P/E ratio for First Quantum Minerals (FM.TO)
P/E ratio as of April 2024 (TTM): 15.2
According to First Quantum Minerals 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.1705. At the end of 2022 the company had a P/E ratio of 13.9.
P/E ratio history for First Quantum Minerals from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.9 | -28.98% |
| 2021 | 19.6 | -129.57% |
| 2020 | -66.4 | -47.34% |
| 2019 | -126 | -1110.92% |
| 2018 | 12.5 | -141.87% |
| 2017 | -29.8 | -76.02% |
| 2016 | -124 | 2328.39% |
| 2015 | -5.12 | -150.7% |
| 2014 | 10.1 | -53.98% |
| 2013 | 21.9 | 272.2% |
| 2012 | 5.89 | -64.3% |
| 2011 | 16.5 | -42.11% |
| 2010 | 28.5 | 125.36% |
| 2009 | 12.6 | -40.61% |
| 2008 | 21.3 | 92.63% |
| 2007 | 11.1 | 29.42% |
| 2006 | 8.54 | -30.6% |
| 2005 | 12.3 | -63.4% |
| 2004 | 33.6 | -72.1% |
| 2003 | 121 | |
| 2001 | -4.63 |
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.