P/E ratio for Foran Mining (FOM.TO)
P/E ratio as of May 2024 (TTM): -95.7
According to Foran Mining's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -95.6825. At the end of 2022 the company had a P/E ratio of -75.0.
P/E ratio history for Foran Mining from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -75.0 | -32.85% |
| 2021 | -112 | 90.9% |
| 2020 | -58.5 | 80.57% |
| 2019 | -32.4 | -120.11% |
| 2018 | 161 | -302.9% |
| 2017 | -79.5 | 124.01% |
| 2016 | -35.5 | 1124.22% |
| 2015 | -2.90 | -73.41% |
| 2014 | -10.9 | |
| 2012 | -41.0 | 215.42% |
| 2011 | -13.0 | -69.77% |
| 2010 | -43.0 | 8786.67% |
| 2009 | -0.4839 | -35.48% |
| 2008 | -0.7500 | -76.15% |
| 2007 | -3.15 | 101.28% |
| 2006 | -1.56 | 1212.5% |
| 2005 | -0.1190 | -98.41% |
| 2004 | -7.50 | -120% |
| 2003 | 37.5 | -8435.71% |
| 2002 | -0.4499 |
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.