P/E ratio for Glencore (GLCNF)
P/E ratio at the end of 2022: 4.98
According to Glencore's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0. At the end of 2022 the company had a P/E ratio of 4.98.
P/E ratio history for Glencore from 2011 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.98 | -62.49% |
| 2021 | 13.3 | -157.96% |
| 2020 | -22.9 | -77.74% |
| 2019 | -103 | -790.5% |
| 2018 | 14.9 | 16.94% |
| 2017 | 12.8 | -62.48% |
| 2016 | 34.0 | -1060.31% |
| 2015 | -3.54 | -113.71% |
| 2014 | 25.8 | -430.94% |
| 2013 | -7.81 | -117.94% |
| 2012 | 43.5 | 418.54% |
| 2011 | 8.39 |
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.