According to Michelin's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.6714. At the end of 2022 the company had a P/E ratio of 9.04.
Year | P/E ratio | Change |
---|---|---|
2022 | 9.04 | -30.26% |
2021 | 13.0 | -49.45% |
2020 | 25.7 | 146.08% |
2019 | 10.4 | 23.75% |
2018 | 8.42 | -24.15% |
2017 | 11.1 | -2.72% |
2016 | 11.4 | -15.38% |
2015 | 13.5 | 15.55% |
2014 | 11.7 | 22.18% |
2013 | 9.56 | 34.17% |
2012 | 7.12 | 57.11% |
2011 | 4.53 | -25.33% |
2010 | 6.07 | -88.89% |
2009 | 54.7 | 388.69% |
2008 | 11.2 | 7.87% |
2007 | 10.4 | -28.69% |
2006 | 14.5 | 111.84% |
2005 | 6.86 | -16.43% |
2004 | 8.21 | -38.83% |
2003 | 13.4 | 85.28% |
2002 | 7.25 |
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.