P/E ratio for GoldMining Inc. (GLDG)
P/E ratio as of May 2024 (TTM): -7.02
According to GoldMining Inc.'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -7.0217. At the end of 2022 the company had a P/E ratio of -16.4.
P/E ratio history for GoldMining Inc. from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -16.4 | -859.87% |
| 2021 | 2.16 | -105.26% |
| 2020 | -41.0 | 51.16% |
| 2019 | -27.2 | 82.69% |
| 2018 | -14.9 | -33.7% |
| 2017 | -22.4 | -14.39% |
| 2016 | -26.2 | 196.78% |
| 2015 | -8.82 | 14.42% |
| 2014 | -7.71 | 113.95% |
| 2013 | -3.60 | -62.59% |
| 2012 | -9.63 |
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.