P/E ratio for GOL Airlines (GOL)
P/E ratio as of March 2023 (TTM): -10.8
According to GOL Airlines's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -10.753. At the end of 2019 the company had a P/E ratio of -41.7.
P/E ratio history for GOL Airlines from 2005 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2019 | -41.7 | |
| 2017 | 118 | |
| 2014 | -3.22 | -13.72% |
| 2013 | -3.73 | 58.84% |
| 2012 | -2.35 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Delta Air Lines DAL | 276 | -2,668.28% | 🇺🇸 USA |
 Volaris
VLRS | -34.5 | 220.39% | 🇲🇽 Mexico |
 Copa Holdings
CPA | 9.55 | -188.86% | 🇵🇦 Panama |
 China Eastern Airlines
CEA | -2.89 | -73.08% | 🇨🇳 China |
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.