Michelin
ML.PA
#816
Rank
ยฃ19.80 B
Marketcap
ยฃ27.77
Share price
0.30%
Change (1 day)
-2.36%
Change (1 year)

P/E ratio for Michelin (ML.PA)

P/E ratio at the end of 2022: 9.04

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.

P/E ratio history for Michelin from 2002 to 2022

200420082012201620201020304050companiesmarketcap.com

PE ratio at the end of each year

Year P/E ratio Change
20229.04-30.26%
202113.0-49.45%
202025.7146.08%
201910.423.75%
20188.42-24.15%
201711.1-2.72%
201611.4-15.38%
201513.515.55%
201411.722.18%
20139.5634.17%
20127.1257.11%
20114.53-25.33%
20106.07-88.89%
200954.7388.69%
200811.27.87%
200710.4-28.69%
200614.5111.84%
20056.86-16.43%
20048.21-38.83%
200313.485.28%
20027.25

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.