Michelin
ML.PA
#812
Rank
ยฃ19.34 B
Marketcap
ยฃ27.12
Share price
-5.24%
Change (1 day)
-10.45%
Change (1 year)

P/E ratio for Michelin (ML.PA)

P/E ratio at the end of 2022: 9.35

According to Michelin's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.9437. At the end of 2022 the company had a P/E ratio of 9.35.

P/E ratio history for Michelin from 2002 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20229.35-30.26%
202113.4-49.45%
202026.5146.08%
201910.823.75%
20188.71-24.15%
201711.5-2.72%
201611.8-15.38%
201514.015.55%
201412.122.18%
20139.8834.17%
20127.3757.11%
20114.69-25.33%
20106.28-88.89%
200956.5388.69%
200811.67.87%
200710.7-28.69%
200615.0111.84%
20057.10-16.43%
20048.49-38.83%
200313.985.28%
20027.49

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.