Fortescue
FMG.AX
#419
Rank
$44.89 B
Marketcap
$14.58
Share price
0.18%
Change (1 day)
-5.01%
Change (1 year)

P/E ratio for Fortescue (FMG.AX)

P/E ratio at the end of 2022: 9.14

According to Fortescue's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.24201. At the end of 2022 the company had a P/E ratio of 9.14.

P/E ratio history for Fortescue from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20229.1432.11%
20216.92-46.81%
202013.02.89%
201912.6-39.94%
201821.0108.88%
201710.1-30.68%
201614.5-41.19%
201524.7369.64%
20145.26-8.71%
20135.76-39.7%
20129.56-45.84%
201117.6-35.07%
201027.24.94%
200925.9-423.37%
2008-8.01-95.47%
2007-177-89.2%
2006< -100046.96%
2005< -1000-769.83%
2004166-624.7%
2003-31.7-13.38%
2002-36.6-242.65%
200125.6

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.