P/E ratio for Fury Gold Mines (FURY)
P/E ratio as of May 2024 (TTM): -3.65
According to Fury Gold Mines's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -3.64872. At the end of 2022 the company had a P/E ratio of 2.52.
P/E ratio history for Fury Gold Mines from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.52 | -140.55% |
| 2021 | -6.22 | -51.79% |
| 2020 | -12.9 | -1.87% |
| 2019 | -13.1 | 120.09% |
| 2018 | -5.97 | 34.58% |
| 2017 | -4.44 | -89.7% |
| 2016 | -43.1 | 188.58% |
| 2015 | -14.9 | 133.7% |
| 2014 | -6.39 |
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.