Fortescue
FMG.AX
#370
Rank
$43.59 B
Marketcap
$14.16
Share price
0.00%
Change (1 day)
-3.01%
Change (1 year)

P/E ratio for Fortescue (FMG.AX)

P/E ratio at the end of 2021: 4.82

According to Fortescue's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.23192. At the end of 2021 the company had a P/E ratio of 4.82.

P/E ratio history for Fortescue from 2001 to 2021

PE ratio at the end of each year

Year P/E ratio Change
20214.82-46.81%
20209.062.89%
20198.80-39.94%
201814.7108.88%
20177.02-30.68%
201610.1-41.19%
201517.2369.64%
20143.67-8.71%
20134.02-39.7%
20126.66-45.84%
201112.3-35.07%
201018.94.94%
200918.0-423.37%
2008-5.58-95.47%
2007-123-89.2%
2006< -100056.81%
2005-727-769.83%
2004109-624.7%
2003-20.7-13.38%
2002-23.9-242.65%
200116.7

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.