P/E ratio for Lynas (LYC.AX)
P/E ratio at the end of 2023: 19.7
According to Lynas's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 31.0398. At the end of 2023 the company had a P/E ratio of 19.7.
P/E ratio history for Lynas from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 19.7 | 40.43% |
| 2022 | 14.1 | -48.83% |
| 2021 | 27.5 | -143.54% |
| 2020 | -63.1 | -412.46% |
| 2019 | 20.2 | -14.01% |
| 2018 | 23.5 | -209.81% |
| 2017 | -21.4 | 1184.06% |
| 2016 | -1.67 | 125.85% |
| 2015 | -0.7374 | 31.13% |
| 2014 | -0.5624 | -83.93% |
| 2013 | -3.50 | -66.94% |
| 2012 | -10.6 | -69.12% |
| 2011 | -34.3 | 148.3% |
| 2010 | -13.8 | 64.54% |
| 2009 | -8.39 | -65.96% |
| 2008 | -24.6 | -63.72% |
| 2007 | -67.9 | 469.22% |
| 2006 | -11.9 | 537.82% |
| 2005 | -1.87 | -88.72% |
| 2004 | -16.6 | 335.75% |
| 2003 | -3.81 | -81.8% |
| 2002 | -20.9 | 467.81% |
| 2001 | -3.69 |
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.